Reported 22 days ago
Shares of Malaysian glove manufacturers, including Top Glove and Hartalega, experienced significant gains as the US finalizes hefty tariffs on Chinese goods, particularly medical products. These tariffs, set to rise to 50% and 100% in the coming years, are expected to boost Southeast Asian producers who will reclaim market share from China. Analysts predict renewed investor interest in the glove sector, reminiscent of the pandemic's peak demand.
Source: YAHOO