Innovent, Pop Mart Lead Hang Seng Index Higher -- Market Talk

Dow Jones
02/09

0859 GMT - Hong Kong's benchmark Hang Seng Index ended 1.8% higher at 27027.16 on Monday, driven by gains in drug manufacturer Innovent Biologics and Labubu maker Pop Mart International. Innovent led gains, closing 7.4% higher after saying it signed a deal with U.S. pharmaceutical giant Eli Lilly that could lead to up to $8.5 billion in potential milestone payments. The partnership is likely to help fuel the Chinese pharmaceutical company's global expansion, Citi analysts say in a note. Meanwhile, Pop Mart ended 5.8% higher after its CEO recently said sales of its flagship Labubu doll exceeded 100 million units in 2025. Other gainers include Zijin Mining Group, which finished 5.6% higher, and Ping An Insurance, which closed up 4.9%. (megan.cheah@wsj.com)

 

(END) Dow Jones Newswires

February 09, 2026 03:59 ET (08:59 GMT)

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