Lau Sze-ming: Pharma and biotech uptrend resilient, Innovent Biologics a bet on catching up
Lau Sze-ming said the uptrend in pharmaceuticals and biotechnology is resilient, and Innovent Biologics can be a bet on catching up. Record highs on the US Nasdaq drove Asia-Pacific markets, with Japan's Nikkei rising again by over 1 per cent, just 3 per cent away from its historic high, while Taiwan's weighted index edged up to close at a record after approaching the 50,000 mark. Mainland A-shares were under pressure before the long holiday, and their performance when trading resumes tomorrow will determine the direction of Hong Kong stocks, with a wait-and-see mood prevailing in the local market today.