U.S. intelligence officials have informed senators that WuXi AppTec, a Chinese pharmaceutical company, allegedly transferred U.S. intellectual property to Beijing without authorization. This news comes amid concerns that certain Chinese biotech firms are providing technology or research and development for use by the Chinese military.
Asia-Pacific stocks mostly dropped Wednesday, Feb. 14. Hong Kong stocks rose, with the Hang Seng Index up 0.8% at 15,879.38, while the Nikkei 225 Index of.
Publicly traded shares of WuXi AppTec Co Ltd and WuXi Biologics (Cayman) were hammered on Friday as investor fears grew over a draft US bill targeting Chinese…
Shares of WuXi AppTec Co
Ltd and WuXi Biologics tumbled on
Friday as investor fears grew over a U.S. draft bill targeting
Chinese biotech giants. Wuxi AppTec plunged 21.2% on Friday,.
Stocks in the Asia-Pacific region mostly increased Friday, Feb. 2. Hong Kong stocks weakened, with the Hang Seng Index down 0.2% at 15,533.56, while the.