BUZZ-China's WuXi AppTec jumps as Q1 profit soars

Reuters
9 hours ago
BUZZ-China's WuXi AppTec jumps as Q1 profit soars

** Hong Kong shares of WuXi AppTec Co 2359.HK jump 7.4% to HK$62.5, their highest since April 3, and on course for the second session of gains

** Stock set for the biggest one-day rise since March 18; second-biggest gainer on Hang Seng Index .HSI, which climbs 0.6%

** Shanghai-listed stock 6032593.SS rises 5.1% to 61.07 yuan, highest since April 3, and on the 9th consecutive session of gain

** The Chinese new drug research and development and manufacturing services group said its Q1 net profit up 89.1% y/y

** Citi, with "buy" rating, says 1Q25 results beat and the result was strong

** Hang Seng Commerce & Industry Index .HSNC gains 0.9%, healthcare index .HSCIH rises 1.9%

** YTD, Hong Kong stock up 10.4%, Shanghai shares up 10.2%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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