Traders have piled into options on WuXi Biologics to protect against potential swings with its sister company’s earnings in focus on Tuesday bloomberg.com/news/articles/… via Bloomberg Technology Sangmi Cha

Popular weight loss and diabetes drugs are getting caught up in a bid by US lawmakers to reduce the country’s reliance on Chinese biotech companies.

From Sangmi Cha Michelle Fay Cortez + Madison Muller:

bloomberg.com/news/articles/…

WuXi AppTec tumbles by an intraday record in Hong Kong, with traders attributing the decline to proposed US legislation that would ban the Chinese medical technology company and its units from government contracts bloomberg.com/news/articles/… via Bloomberg Markets

The ruling Democratic Progressive Party’s victory in Taiwan removes key uncertainties for local markets bloomberg.com/news/articles/… via Bloomberg Markets with Betty Hou

China options data that look increasingly optimistic may actually be a sign that investors lack conviction in the market’s ability to stage a sustainable rally bloomberg.com/news/articles/… via Akshay Chinchalkar, CMT, CFTe, EPATian Sangmi Cha

China options data that look increasingly optimistic may actually be a sign that investors lack conviction in the market’s ability to stage a sustainable rally bloomberg.com/news/articles/… via Bloomberg Markets

Some of Hong Kong’s largest listed firms may step up purchases of their shares after buybacks rose to at least a six-year high in 2023 bloomberg.com/news/articles/… via Bloomberg Markets

Want to follow Taiwan's election but don't know where to start?

Read my colleague Cindy Wang's rundown of what's at stake when voters head to the polls on Saturday bloomberg.com/news/articles/…

Asia’s top-performing fund managers are seeking opportunities in battered Chinese stocks and turning selective on the hot artificial intelligence theme as the region comes off a tough year bloomberg.com/news/articles/… via Bloomberg Markets

The outcome of Taiwan elections is expected to have implications on the global computer chip supply chain and foreign flows to the island’s tech-heavy market trib.al/wdv3G2H

WuXi Biologics, one of China’s leading drug contract research and manufacturing companies, plunges as much as 25% before it was halted in Hong Kong trading after saying it expects conditions to remain “most challenging” through June bloomberg.com/news/articles/… via Bloomberg Markets

Quick update:

Delighted to share that I have joined the Bloomberg Asia Equities team in Hong Kong, expanding my coverage from the two Koreas to now include Greater China. Grateful to Bloomberg for the relocation from Seoul and the opportunity to produce more market insights!

Chinese healthcare stocks are back in vogue after a $142 billion wipeout, as signs grow that the worst of a government crackdown is over bloomberg.com/news/articles/… via Bloomberg Markets

South Korea will ban stock short-selling until June after protests from retail investors bloomberg.com/news/articles/… via Bloomberg Markets

Property, stock market liquidity & consumption-linked stocks will be in focus ahead of Hong Kong's policy address tomorrow. Here's an investors guide for everything you need to know via Sangmi Cha bloomberg.com/news/articles/… via Bloomberg Markets

North Korea will expel US soldier Travis King who bolted across the border from South Korea in July bloomberg.com/news/articles/… via Bloomberg Politics

South Korea is seeking to have Chinese President Xi Jinping visit for the first time in about a decade, seeing a trip as turning a page in relations bloomberg.com/news/articles/… via Bloomberg Politics Sangmi Cha

South Korea is working to revive three-way summits among Japan and China that have stalled since 2019 due initially to the Covid-19 pandemic bloomberg.com/news/articles/… via Bloomberg Politics Sangmi Cha Yuki Hagiwara

North Korean leader Kim Jong Un and President Vladimir Putin meet for their first summit in four years, which the US said could focus on weapons deals that help the Kremlin’s assault on Ukraine bloomberg.com/news/articles/… via Bloomberg Politics with Jon Herskovitz

The luxury armored train carrying North Korean leader Kim Jong Un has apparently crossed into Russia ahead of a summit with President Vladimir Putin bloomberg.com/news/articles/… via Bloomberg Politics with Jon Herskovitz