At the close of Hong Kong stocks, the Hang Seng Index closed up 0.32%, and the S&P 500 Index closed up 0.54%; BYD Electronics (00285.HK) rose more than 7%, WuXi Biologics (02269.HK), CSPC Pharmaceutical Group (01093.HK), WuXi AppTec (02359.HK), and Horizon Robotics (09660.HK) all rose more than 5%, while Hua Hong Semiconductor (01347.HK) fell nearly 6%.

2025-08-29 16:12:29

WuXi Biologics WuXi AppTec BYD

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Weekly Highlights

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                                    Challenger Gray, a US employment consulting firm, reports that pharmaceutical companies announced plans to lay off 19,112 employees in August, bringing the total to 22,433. This represents a 142% increase compared to the 9,254 layoffs reported in the same period last year. The industry is facing increasing competition from patent expirations and is refocusing on higher-margin products. Many companies are also implementing artificial intelligence, which is leading to restructuring and job losses.
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