Hong Kong-listed biopharmaceutical stocks rallied, with Akeso Biopharma (09926.HK) surging over 7%, Rongchang Biopharma (09995.HK) and Tigermed (03347.HK) both rising over 4%, and Junshi Biosciences (01877.HK), WuXi AppTec (02359.HK), and many others

2026-07-22

Hong Kong-listed biopharmaceutical stocks rallied, with Akeso Biopharma (09926.HK) surging over 7%, Rongchang Biopharma (09995.HK) and Tigermed (03347.HK) both rising over 4%, and Junshi Biosciences (01877.HK), WuXi AppTec (02359.HK), and many others gaining over 3%. Other stocks such as Innovent Biologics (09969.HK) and Henlius Biotech (02696.HK) also followed suit. Meanwhile, US President Trump announced on social media on July 21 that all generic drugs imported into the US will continue to enjoy zero tariffs for two years, starting August 1, 2026. After the two-year period, a 100% tariff will be imposed on these products for one year; thereafter, the tariff will further increase to 200%.