Positivity in sector despite panic selling

Quick Summary:

The panic selling of glove stocks that began on Tuesday was extended yesterday, as most major glove counters, including Top Glove Corp Bhd, Kossan Rubber Industries Bhd and Hartalega Holdings Bhd, continued to see their share prices decline.

In addition, he said the manufacture of gloves has a relatively low barrier of entry.“If glove stocks continued to decline until the end of the week, there would be trading opportunities,” Lau said.

The situation could be averted if China and the United States could strike a “win-win” deal allowing Chinese gloves to enter the United States market.

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Article Details

Author / Journalist: KEITH HIEW

Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

Topics: MarketSelloff Hartalega TariffImpact /Business/Business News GloveStocks EquityMarket TopGlove Corporate News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 00:00:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 597 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26279363

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