Mon, Apr 27th, 2009
April 27 (Bloomberg) -- Airlines and hog-related stocksslumped in Asia on concern the growing number of swine-flu casesin the U.S. and Mexico will slow a recovery in the globaleconomy and hurt earnings. Medical shares gained.
Korean Air Lines Co., South Korea’s largest carrier, lost7.4 percent, while China Yurun Food Group Ltd., the country’sbiggest hog processor, tumbled 8.8 percent in Hong Kong trading.Chugai Pharmaceutical Co., the Japanese seller of the antiviraldrug Tamiflu, surged 14 percent in Tokyo, helping drive the MSCIAsia-Pacific Health Care Index to the largest gain among theregional index’s 10 industry groups.
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Swine Flu Attenuate of Stock Market
Outbreak of swine flu consecutive market share. Stock-share price weakness due to the increasing concerns of swine flu. In the trade Monday (27/4/2009), European stock-exchange opened directly weakened. FTSE index in London weakened 1.2%, Dax Frankfurt weakened 1.9%, Paris CAC weakened 1.83%. Similarly, the Asian stock-exchanges such as Hong Kong (Business & Finance)
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Author: detha | Categories: Bond | Posted: 28 April, 2009 | Tags: Asian Countries, Asian Markets, Asian Stock Markets, Bank Of America, Citigroup, Clump, Delicate State, Distraction(Business & Finance)
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