$Top Glove (BVA.SG)$ Shares of Malaysian glove manufacturers...
Shares of Malaysian glove manufacturers surged on Wed after the US raised the tariffs on Chinese rubber medical and surgical gloves to 25% from 7.5%.
Top Glove, the world's largest glove maker by capacity, rose as much as 20% to RM1.15. Hartalega Holdings Bhd climbed 19% to RM3.51 while Kossan Rubber Industries Bhd was up 16% to RM2.76.
With the hike in US tariffs on Chinese rubber medical and surgical gloves in 2026, Malaysian glove exporters will be able to compete as Chinese gloves will be more expensive in about two years compared to now. More details below:
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Momentum Trader : Institutions are buying as if there is no tomorrow. Top glove and Harta hope to see them limit up in bursa today
bullrider_21OP Momentum Trader: Hope so too. What's the limit up?
Momentum Trader bullrider_21OP: Bursa rule circuit breaker 30%