Asian Airline, Hog Stocks Drop as Drugmakers Gain on Swine Flu

Apr 27th, 2009 - Bloomberg

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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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