Covid-Linked Stocks Back in Play as Asia Sees Surge in Cases

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Shin Poong Pharmaceutical Co.,Daan Gene Co.,Daiichi Sankyo Co.

(Bloomberg) -- Shares of Covid test kit and drug makers are in the spotlight in Asia, posting strong gains in recent days following a surge of cases. Most...

-- Shares of Covid test kit and drug makers are in the spotlight in Asia, posting strong gains in recent days following a surge of cases.In DNC, Chicago’s Embattled Transit System Faces a High-Profile Test

South Korea’s disease control and prevention agency said it will secure additional drugs as cases have been rising quickly, causing shortages in supply in some areas as hospitalizations increase. It will also roll out vaccines for high-risk groups in October. Chinese drug makers that produce Covid treatments, including China Resources Sanjiu Medical & Pharmaceutical Co. and Shijiazhuang Yiling Pharmaceutical Co., might benefit in the short term, Tony Ren and Candyce Gao of Macquarie Securities said.

 

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