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Lese-Ansicht

Metis TechBio Shares Jump 127% as Hot HK Debuts Extend Run

Shares of Metis TechBio Co, a biotechnology company using artificial intelligence to deliver and formulate drugs, jumped 127% in their Hong Kong debut on Wednesday, adding to a string of first-day pops in the city.

A statue of a buffalo outside the Exchange Square Complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Thursday, Aug. 7, 2025. Hong Kong raised its full-year growth forecast for 2025, signaling increased confidence in the economy’s momentum after exports and domestic consumption showed unexpected strength. Photographer: Lam Yik/Bloomberg
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CSL Plunges Most Ever on Impairments, Reduced Profit Target

CSL Ltd. plunged the most on record after the Australian biotechnology company cut its full-year outlook and flagged about $5 billion in additional impairments, warning a turnaround will take longer than expected following a review by its interim chief executive.

A technician inside the CSL Ltd. laboratory at the company’s headquarters in Melbourne, Australia, on Thursday, Oct. 31, 2024. Australia’s largest biotechnology company delivered a 750% return for investors in the decade before the onset of the Covid-19 pandemic, but since the start of 2020 the stock has plateaued for the longest period since its listing.
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China’s MGI Tech to Divest US Subsidiary Citing Geopolitics

Chinese biotechnology firm MGI Tech Co. announced it will divest its wholly-owned US subsidiary, Complete Genomics Inc, retreating from a decade-long quest to expand in the American market amid what it described as an increasingly grim policy environment.

The headquarters of Complete Genomics, in Mountain View, California.
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