Hong Kong Stock Afternoon Review|Hang Seng Index rose 0.56% in early trading Hang Seng Innovative Drugs Index surged 6.21%

The Zhitong Finance App learned that the Hong Kong stock Hang Seng Index rose 0.56% to 138 points to 24,889 points; the Hang Seng Technology Index fell 0.13%. Hong Kong stocks traded HK$108.5 billion in early trading.

The Hang Seng Biotech Index surged 4.95%; the Hang Seng Innovative Drugs Index surged 6.21%. Innovative drug concept stocks have exploded across the board. According to reports, the US plans to relax licensing cooperation with pharmaceutical companies, and the BD valuation of innovative drugs is expected to be repaired. Kangfang Biotech (09926) rose 8.67%; Conoa-B (02162) rose 9%; Nuochengjianhua (09969) rose 5.8%; and Cinda Biotech (01801) rose 6%.

Chuangsheng Group Pharmaceutical-B (06628) rose more than 22%. Chairman Qian Xueming of the board of directors increased his shareholding in the company, and foreign licensing revenue increased in the first half of the year.

Yingpai Pharmaceutical-B (07630) increased its increase by more than 43%. Senapali's internationalization milestone has been reached, and the company's opening is expected to continue to attract capital from the south.

The drug Jieankang-B (02617) increased by more than 9%, and the first phase II clinical administration of engotinib mCRPC in China was completed.

Baoji Pharmaceutical-B (02659) rose by more than 5%, and clinical research and commercialization of core products gradually progressed.

Jingtai Holdings (02228) rose more than 6%. The chairman of the board plans to increase his shareholding in the company and reach a drug discovery cooperation with Stanford University.

Evergrande Property (06666) rose more than 5%. According to reports, Taimeng, Huaping, and Xinchen Capital are considering re-bidding for Evergrande Properties.

Junzhi Group (01300) rose more than 14%. Upstream light bars became the core bottleneck in the industrial chain, and the Qinghai Zhongli precast rod project is expected to restart quickly.

Some PCB concept stocks rose higher. Guanghe Technology (01989) rose by more than 10%, and PCB manufacturers started re-quotations one after another.

China Shipbuilding Defense (00317) rose more than 5%, and the boom in oil transportation is being transmitted to the shipbuilding industry chain, and the company is scheduling orders until 2030.

Gold stocks are collectively under pressure, and expectations of interest rate hikes suppress the gold trend. China Gold International (02099) fell more than 7%; World Gold Group (03939) fell more than 5%.