
WuXi AppTec shares jumped after the Pentagon removed the company from its list of Chinese military-linked entities, with Hong Kong shares surging over 6 percent at the open before paring gains to about 2 percent, while Shanghai shares rose about 1.8 percent.
AI-generated summary
WuXi AppTec was listed by the US Department of Defense as an entity allegedly linked to the Chinese military. The US deputy secretary of defence decided to remove the company from this list, with the notice published in the Federal Register.
WuXi AppTec’s shares jumped on Tuesday after the Pentagon removed the company from a list of entities allegedly linked to the Chinese military, marking a win for the biotech service giant and raising hopes among other mainland firms challenging US blacklists.
The US deputy secretary of defence decided to delist WuXi AppTec from its list of “Chinese military companies”, according to a notice published on the Federal Register on Tuesday.
WuXi AppTec surged more than 6 per cent at the open in Hong Kong before paring gains to about 2 per cent in early trading. Its Shanghai shares rose about 1.8 per cent.
AI outlook — possibilities, not facts
Other Chinese firms facing similar US blacklists may challenge their listings
Possible · Within weeks

Foreign media reported that supertanker freight rates have fallen sharply from historical highs, but are still at extremely high levels. VLCC charter costs for the U.S. Gulf of Mexico to Asia route plummeted 43.47% within a month, and the daily equivalent rental income for the West Africa to China route fell 35% from the historical high in October. The future direction of the oil tanker market depends on the development of the situation in Iran, including three scenarios: conflict escalation, negotiation and agreement, or continued stalemate.

Huida CEO Huang Renxun's involvement in the scandal did not affect the US stock market. The four major indexes all rose sharply on Monday, with the index soaring 6.88%. Asian stocks followed suit. Taiwan stocks opened up 468.63 points on the 10th to close at 42,130.33 points. Value stocks such as TSMC, UMC, Power Semiconductor Manufacturing Co., Ltd. and Nanya Technology rose. Anchor Li Xinyun suggested that investors should think positively and pay attention to the CPI and CoreWeave financial reports released in the evening.
Data from the General Administration of Customs shows that in the first 10 months of this year, the import and export trade volume between the mainland and Taiwan increased by 32% year-on-year, to approximately US$340.032 billion; the trade volume between the mainland and Hong Kong increased by 55.3% year-on-year, to approximately US$457.229 billion.

Huida CEO Huang Renxun's extramarital affair was exposed, and the target was accused of being a Chinese spy. As the Democratic Party won the U.S. midterm elections, Congress will strengthen investigations into Huida's AI chip exports to China, lobbying activities, and national security concerns. Huang Renxun's political situation took a turn for the worse, and the stock price also fell 12%.

At the 9th China International Import Expo, exhibitors from many APEC economies, including Micron Technology, MUJI, and Fonterra, shared stories of cross-border industrial chain cooperation. Micron has set up a back-end packaging and testing factory in Xi'an and launched an advanced wafer manufacturing project in Singapore; MUJI has integrated Chinese characteristics and traditional skills into product development; Fonterra has set up 6 application centers in China to carry out localized innovation. Papua New Guinea companies distribute raw material cultivation, logistics, quality inspection, and deep processing to multiple economies through regional division of labor. The exhibition area of U.S. companies at this CIIE has ranked first for the eighth consecutive session, and the exhibition area of companies from Canada, New Zealand, and Australia has all reached the highest or expanded level in history.
The China-Turkey Green Development Business Forum was held in Istanbul on November 9, local time. It was co-sponsored by the China Council for the Promotion of International Trade and the Turkish Council for Foreign Economic Relations. Nearly 300 representatives from the political and business circles of China and Turkey attended. The two sides exchanged views on green energy, low-carbon industrial chains and the "middle corridor" and held business docking negotiations.