HSI Opens 109 pts Lower as WUXI Series Slip

Hong Kong stocks opened lower in the morning session. $Hang Seng Index (800000.HK)$ opened 109 points or 0.7% lower at 16,628. $Hang Seng China Enterprises Index (800100.HK)$ opened 40 points or 0.7% lower at 5,807. $Hang Seng TECH Index (800700.HK)$ opened 40 points or 1.1% lower at 3,554.

$WUXI APPTEC (02359.HK)$ , whose net profit rose 21% in 2023, delayed two placing-funded investment projects by 2 years to the end of 2025, and its share price lost 2.8% to $41.55, while its same series $WUXI BIO (02269.HK)$ cascaded 3.9%. Pharma SINO BIOPHARM $SINO BIOPHARM (01177.HK)$ also dropped 2.8%.