Chinese Drugmakers’ Shares Surge, Travel Stocks Fall as Virus Outbreak Worsens

  • 📰 WSJ
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

A widening outbreak of a mysterious pneumonia-like virus helped propel shares of some Chinese drugmakers to multiyear highs, while travel stocks fell

Shares of a Hong Kong-listed company that makes a generic version of the antiviral drug Tamiflu jumped 19.4% to a record closing high. The firm, YiChang HEC Changjiang Pharmaceutical Co., is China’s dominant producer of the drug known as oseltamivir, which can help quickly alleviate flu symptoms.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Corona with lime on your direct flight to USA? Coronavirus has spread from China to North Korea and Thailand, 200 reported cases.

V for vendetta

blame donald trump 😓

Well not to be too nasty, quarantine all flights from China proper, and their fellow travelers. Just asking for a friend.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Airline stocks in Asia take a hit amid growing coronavirus fears in ChinaTravel-related shares in Asia fell Tuesday as fears grew over an outbreak of a mysterious virus in China that has killed four people so far.
Source: CNBC - 🏆 12. / 72 Read more »

Yen rises, yuan slumps as stocks fall on China virusThe yen pulled ahead and the yuan fell against the dollar on Tuesday as the spre... They will go back up soon once the virus is gone
Source: Reuters - 🏆 2. / 97 Read more »