HSI Closes at 25,329, Down 237 pts; HSTI Closes at 4,550, Down 68 pts; BABA Down over 3%; CCB, ICBC, BANK OF CHINA, BANKCOMM, GENSCRIPT BIO Hit New Highs; Market Turnover Rises
AASTOCKS News·- At the close, the Hang Seng Index dropped 237 pts to 25,329, while the Hang Seng Tech Index fell 68 pts to 4,550 and market turnover reached $238.74 billion. - Major tech and heavyweight stocks experienced declines, including Alibaba down over 3 %, while CCB, ICBC, Bank of China, Bankcomm, and Genscript Bio hit new highs. - The market activity reflected mixed performances across major indices and individual constituents amid daily trading.This Apogee Therapeutics Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Wednesday
benzinga_article·- Several prominent Wall Street analysts adjusted their ratings and lowered price targets for multiple major companies on Wednesday. - Raymond James downgraded On Holding AG from Strong Buy to Outperform with a $38 price target, while Deutsche Bank lowered AtaiBeckley Inc to Hold with an $8 target. - Additional downgrades included BTIG shifting Apogee Therapeutics to Neutral, Oppenheimer cutting Legend Biotech to Perform with a $40 target, and China Renaissance moving Tencent Music to Hold with a $9.3 price target.