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2009-4-27 10:01:00 a.m. HKT, XFNA
DJ MARKET TALK: HK Pharmaceutical Stocks Bid Up; Swine Flu Fears
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| 0952 [Dow Jones] Some HK-listed pharmaceutical stocks punted much higher at pre-open: Guangzhou Pharmaceutical (0874.HK) +8.1% at HK$3.07, China Pharmaceutical (1093.HK) +9.2% at HK$4.15, Wuyi Pharmaceutical (1889.HK) +9.9% at 78 HK cents. Investors wishing to chase shares higher perhaps need to take note such sector strength on concerns of swine flu outbreak likely due to theme punting rather than actual benefits, as no HK-listed pharmaceutical firms make Tamiflu.(RLI) Contact us in Hong Kong. 852 2802 7002; MarketTalk@dowjones.com
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(Delayed by 1 hour)
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