Hong Kong stocks jump on Budweiser earnings while Chinese vaccine makers sink amid concerns about patent, rights

//Hong Kong stocks jump on Budweiser earnings while Chinese vaccine makers sink amid concerns about patent, rights

Hong Kong stocks jump on Budweiser earnings while Chinese vaccine makers sink amid concerns about patent, rights

Hong Kong stocks gained as Budweiser Brewing Company surged after earnings rebounded last quarter and returning mainland Chinese traders gave the market a liquidity boost. Vaccine makers sank after President Joe Biden’s team backed waiving patent and other rights to Covid-19 jabs, threatening profit outlook.The Hang Seng added 0.2 per cent to 28,466.89 at the local noon break, paring an earlier gain of as much as 1.2 per cent. The Shanghai Composite slipped 0.2 per cent, while the CSI 300 index…

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By | 2021-05-06T03:01:06+00:00 May 6th, 2021|Business|Comments Off on Hong Kong stocks jump on Budweiser earnings while Chinese vaccine makers sink amid concerns about patent, rights