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Biopharmas Slump; AKESO Cascades 39%; BEIGENE Dives 8%
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Numerous biopharmaceuticals suffered abrupt setback. AKESO (09926.HK) opened 0.62% lower today, with the decline widened later, triggering the Volatility Control Mechanism (VCM) for several times. It hit the trough at $26.45, being a new low since October 2022. It last traded at $29.25, down 39.13%, with 25.1455 million shares traded, involving a total of $873 million.

BEIGENE (06160.HK) opened 2.86% lower today, bottoming at $89.25. It last traded at $89.45, down 8.54%, with 988,000 shares traded, involving $90.9132 million.

ZAI LAB (09688.HK) opened 3.29% lower, and bottomed at $13.98. It last posted at $14.26, down 6.18%, with 3.3966 million shares traded at $48.9057 million.

GENSCRIPT BIO (01548.HK) opened 2.55% lower and bottomed at $10.22. It last printed at $10.28, down 6.38%, with 10.1859 million shares traded, involving $107 million.

EVEREST MED-B (01952.HK) opened flat today, and bottomed at $21.8. It last stood at $22.5, down 3.43%, with 2.565 million shares traded, involving $57.263 million.
AAStocks Financial News