World's top innovator S Korea dominates Asian stock winners
Hong Kong
SOUTH Korea, which topped the Bloomberg Innovation Index in January, is now dominating Asian stock markets with seven of the 10 best performers this year.
Hanmi Science Co and affiliate Hanmi Pharm Co soared 968 per cent and 699 per cent each after clinching deals to sell lung cancer and diabetes treatments overseas. Amorepacific Corp climbed 106 per cent as its Air Cushion foundation cream won positive reviews, driving a 51 per cent jump in its net profit in the nine months through September. Celltrion Inc, which developed an arthritis medicine, more than doubled.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
China’s CICC demotes senior bankers, cuts pay to slash costs
Citi promotes Damien Tan to corporate banking head for Singapore
Australian dollar firm as bulls bet on hawkish turn at RBA
ECB rate cut case getting stronger, says chief economist Lane
RBNZ has limited scope to cut cash rate this year: OECD
Crypto.com wants to sponsor more sports after Formula One Miami