KUALA LUMPUR (May 16): Shares of Malaysian glove manufacturers fell on Thursday as analysts advised investors to stay vigilant over the US announcement on a slew of major tariff hikes on a wide range of Chinese imports, including medical and surgical glove.  

At 11am, shares of Top Glove Corp Bhd (KL:TOPGLOV), the world’s largest glove maker by capacity, fell by as much as 10% or 13 sen to RM1.13, valuing the company at RM9.13 billion.  

Hartalega Holdings Bhd’s (KL:HARTA) share price fell 9% or 36 sen to RM3.46, valuing the company at RM11.74 billion.  

Meanwhile, the other two major glove stocks Supermax Corp Bhd (KL:SUPERMX) was down 10% or 11 sen to 97 sen, giving it a market capitalisation of RM2.49 billion, while Kossan Rubber Industries Bhd (KL:KOSSAN) was down 10% or 27 sen to RM2.47, valuing it at RM6.3 billion.  

https://www.theedgemarkets.com/node/711799