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Top Glove shares surge 20%, rivals also climb on higher US tariffs on Chinese gloves

savemalaysia
Publish date: Wed, 15 May 2024, 10:29 AM

KUALA LUMPUR (May 15): Shares of Malaysian glove manufacturers surged on Wednesday after the US raised the tariffs on Chinese rubber medical and surgical gloves to 25% from 7.5%.

Top Glove Corp Bhd (KL:TOPGLOV), the world’s largest glove maker by capacity, rose as much as 20% to RM1.15. Hartalega Holdings Bhd (KL:HARTA) climbed 19% to RM3.51 while Kossan Rubber Industries Bhd (KL:KOSSAN) was up 16% to RM2.76. 

 

https://www.theedgemarkets.com/node/711614

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Rocket 🚀

1 week ago

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Don’t be jealous laaa

1 week ago

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