19-05-2025
Covid Test, Vaccine Maker Stocks Jump as Cases Surge in Asia
Shares of Covid test kit and drug makers in Asia rose following a surge of cases.
South Korean diagnostic kit maker Sugentech Inc. was among the top performers, jumping as much as 29% on Monday. In Japan, shares of Covid vaccine maker Daiichi Sankyo rose as much as 7.4% after its price target was raised at UBS. In Hong Kong, shares of Shanghai Junshi Biosciences Co., which also makes Covid jabs, gained as much as 4.3%.
