Hong Kong Stocks Open Mixed, Zai Lab Soars 10%, Pop Mart Plunges Over 5%
On Friday, October 25, 2024, the Hong Kong stock market opened higher. The Hang Seng Index (HSI) rose by 0.74%, the Hang Seng China Enterprises Index (HSCEI) increased by 0.7%, and the Hang Seng Tech Index (HSTECH) climbed by 1%.
Among the notable stock movements, ZAI LAB surged by 10%. The company has been in the spotlight due to its recent advancements in pharmaceutical research and development, which have garnered significant investor interest.
In contrast, POP MART experienced a sharp decline, dropping by 5.27%. GWF Holding and Pop Mart Hehuo, the biggest shareholders of Pop Mart International, are offering 21.7 million shares of the Hong Kong-listed company, according to terms of the deal seen by Bloomberg News.
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