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China's Biotech Stocks Emerging As Latest Ai Trade
China's Biotech Stocks Emerging As Latest Ai Trade
By Charlie Zhu, Bloomberg Markets live reporter and strategist
China’s biotech stocks are emerging as the latest AI trade, fueled by expectations the technology will accelerate drug development and boost returns.
The Hang Seng Biotech Index has risen nearly 22% this quarter, set to outperform the Hang Seng Tech gauge by the most on record in Bloomberg data going back to 2015, as investors bet artificial intelligence will reduce timelines and cost in pharmaceutical research and development. The prospect of AI-originated drugs generating licensing and royalty income in...
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