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14/10/2026 09:47

Weighed by peers' share placements, Innovent Biologics and BeiGene drop 3%; only two biotech index constituents rise against the trend

     Overnight, European and U.S. stock markets weakened together, with Wall Street's major indices slightly lower amid weakness in banking and memory chip stocks. Asian markets traded mixed this morning, with Japanese, South Korean, and Taiwanese stocks seeing slight rebounds, while A-shares declined. Hong Kong's Hang Seng Index traded weakly this morning, with biotech stocks leading the decline due to company share placement news. The biotech index temporarily fell 2.56%, closing at 14918.

    Among blue-chip constituents of the biotech index, Innovent Biologics (01801) dropped 3.3%, closing at HK$88.95; BeiGene (06160) fell 3%, closing at HK$208; CSPC Pharmaceutical Group (01093) declined 1.8%, closing at HK$8.9; non-blue-chip Zai Lab (09688) plunged 7.8%, closing at HK$17.5; and Yingji Biopharma-B (09606) dropped 4.5%, closing at HK$165.3.

    Akeso (09926) plans to place 20 million new shares to no fewer than six independent investors, representing approximately 2.13% of its enlarged issued share capital, at a price of HK$97.76 per share, representing a 6.9% discount to the company's closing price of HK$105 the previous day, raising approximately HK$1.941 billion in net proceeds. Akeso fell 9.4%, closing at HK$95.15.

    Currently, only two constituents of the biotech index rose against the market trend: Grand Pharma (00512) gained 1.3%, closing at HK$4.765; and GenScript Biotech-1000 (01548) rose 1.2%, closing at HK$36.

    Currently, the Hang Seng Index stands at 24124, down 220 points or 0.9%, with main board turnover exceeding HK$13.2 billion. The Hang Seng China Enterprises Index is at 8096, down 78 points or 1%. The Hang Seng Tech Index is at 4106, down 30 points or 0.7%.
 
Table showing performance of related stocks in the same sector
Stock (Code)Current Price (HK$)Change (%)
Innovent Biologics (01801)88.95Down 3.26%
BeiGene (06160)208Down 2.99%
CSPC Pharmaceutical Group (01093)8.9Down 1.82%
Akeso (09926)95.15Down 9.38%
Zai Lab (09688)17.5Down 7.85%
Yingji Biopharma-B (09606)165.3Down 4.45%
Insilico Medicine (03696)41.96Down 3.81%
Grand Pharma (00512)4.765Up 1.28%
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