WuXi AppTec jumps as judge blocks US decision to add co to Chinese military-tied list

WuXi AppTec

10/08/2026 03:38

** Hong Kong shares of WuXi AppTec 2359.HK jump 6.2% to HK$204.2, their all-time high since debuting in December 2018 
** Stock is the second biggest pct gainer in the benchmark Hang Seng Index .HSI, which is up 0.8%
** Shanghai-listed stock 603259.SS of the Chinese new drug developer jumps 7.1% to 165.88 yuan, the highest point since July 2021
** A federal judge on Friday barred the U.S. Defense Department from including Chinese biotechnology company WuXi AppTec to a list of companies believed to support Beijing's military, saying the government lacked evidence to justify the decision
** Wuxi Apptec says it welcomes U.S. court preliminary injunction against Pentagon 1260H designation, and the ruling shields company from immediate adverse impact of the designation during litigation with business fully operational
** YTD, Hong Kong stock up 105.1%, Shanghai-listed shares up 80%, Hang Seng Biotech Index .HSBIO up 10%



 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))