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06/08/2025
South Korea's KOSPI index opened down 0.5% to 3182.06 points.
Latest
3 m ago
Spot palladium fell 3% to $1,136 per ounce.
4 m ago
Knorr and Nord respond to declining market share: sales of weight loss drugs in China are still on the rise.
4 m ago
In the Chinese market, sales of Novo Nordisk's semaglutide, a diabetes drug, also fell by around 11% in the first half of this year. During the investor conference call after the financial report was released, Maziar Mike Doustdar, the current Vice President of International Business at Novo Nordisk and soon-to-be CEO after taking over from Zhou Fude on August 7th, responded to investors' concerns about the competitive challenges facing semaglutide in the Chinese market. Doustdar stated that while sales of GLP-1 diabetes drugs in China have declined, sales of weight loss drugs are gradually increasing. He explained that the decline in diabetes drug sales was due to changes in distributor inventories; and that the semaglutide weight loss drug, which was only approved last year, is currently in the ramp-up stage and has not yet penetrated further into second, third, and fourth-tier cities. (Yicai)
4 m ago
Hong Kong Cyberport signs agreement with China Mobile International to cooperate in promoting the development of the AI industry in Hong Kong.
5 m ago
Trump announces an additional 25% tariff on India, raising the overall tax rate to 50%
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