A widening outbreak of a mysterious pneumonia-like virus helped propel shares of some Chinese drugmakers to multiyear highs, while travel stocks fell
Shares of a Hong Kong-listed company that makes a generic version of the antiviral drug Tamiflu jumped 19.4% to a record closing high. The firm, YiChang HEC Changjiang Pharmaceutical Co., is China’s dominant producer of the drug known as oseltamivir, which can help quickly alleviate flu symptoms.
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