Health
Malaysia Glove Maker Shares Surge as US Finalizes China Tariffs
- Top Glove, Hartalega up by record ahead of Chinese goods levy
- Tariffs on Chinese medical gloves set for 100% in 2026: Citi
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Malaysia glove maker shares including Top Glove Corp. surged after the US was expected to finalize tariffs on Chinese goods this month.
Top Glove jumped as much as 32%, the most ever, while Hartalega Holdings Bhd rallied by the 30% limit. The gains come a day after Thailand peers spiked as analysts point out that Southeast Asian producers will be the main beneficiaries. Malaysia’s market was closed for a holiday on Monday.