Hot stocks: Medical plays, glove makers soar as Wuhan virus fears spread

:"The fear is very much real, especially since the outbreak occured around the Chinese New Year, which is considered a peak period of travel in China. With the situation likely to get worse before it improves, such listings could see price sustained in the near term."

Top Glove, one of the largest manufacturers of rubber gloves globally, surged S$0.29 or 15.3 per cent to S$1.84. Riverstone Holdings, where the manufacture of healthcare gloves account for about 70 per cent of revenue, jumped S$0.12 or 11.8 per cent to S$1.14.

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Asia stocks plunge on Wuhan virus fears; Singapore share index down 2%TOKYO (BLOOMBERG) - Asian stocks sank again on Tuesday (Jan 28) as concern over the economic and human impact of China's deadly coronavirus rattled global markets. Treasury yields and the yuan steadied after Monday's declines.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »