S.Korea's animal medicine, feed makers surge after African swine fever outbreak

Harim Co

17/09/2019 01:49

** Shares of South Korean animal medicine suppliers and feed
makers surge after the country reports its first outbreak of
African swine fever (ASF) at a pig farm  urn:newsml:reuters.com:*:nS6N25P004
    ** South Korea's agriculture ministry orders to cull nearly
400 pigs to prevent the spread of the deadly ASF
    ** Shares of Eagle Veterinary Technology  044960.KQ  and
Cheil Bio  052670.KQ  rise 30% each, hitting the daily price
limit
    ** Animal feed maker Woosung Feed  006980.KS  gains nearly
17%
    ** Shares of chicken-related firms including Maniker
 027740.KS  and Harim  136480.KQ  also soar nearly 30% each, as
investors see higher sales of chicken products instead of pork
    ** The broader KOSPI market  .KS11  was trading steady,
while the junior KOSDAQ market  .KQ11  was trading up 0.4%

 ((Hayoung.Choi@thomsonreuters.com; +82 2 6936 1468))