Hong Kong Stocks Rally: Hang Seng Index Up 1.86%, Biotech Subindex Surges 5.77% on Drug Policy Update

HK501.60%

According to SmartFin, the Hang Seng Index rose 1.86% to 24,476 points (up 446 points) on July 10 during morning trading, while the Hang Seng Tech Index gained 2.69%. Trading volume reached 188.4 billion Hong Kong dollars.

The Hang Seng Biotech Index surged 5.77% following the release of a new version of China's National Essential Medicines List, which includes innovative drugs in its selection and adjustment scope. Biotech heavyweight Luokung Biotech-B soared over 35%, reflecting strong market sentiment toward the policy update.

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