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? Top Glove (TOPGLOV) surged 12% in the Singapore market?, attracting great attention from the market. What exactly caused this glove stock to have such an amazing increase in just one day? ?
? Review the big events on May 15, 2024 ?
That day, glove stocks ushered in a wave of craze. Almost all Malaysian glove stocks, including the four kings—TOPGLOV, HARTA, SUPERMX and KOSSAN, soared 15-30% in just one day?. At that time, the market was really green?.
What is the reason? ? At that time, the United States announced that it would significantly increase tariffs on medical and surgical gloves imported from China from 7.5% to 25% from 2026??, which is undoubtedly a great boon for the Malaysian glove industry. Glove stocks experienced the so-called panic buy that day, which pushed the stock price soaring?, but as the market gradually digested the news, the stock price slowly fell back?.
? The latest tariff news is coming! Glove stocks may surge again ?
On September 14, 2024, the United States once again received heavy news?. The tariff policy that was originally expected to be raised to 25% in 2026 has undergone major changes! ?
? From 2025, China's medical gloves tariff will rise to 50%?, and will further soar to 100% in 2026! This means that the competitive landscape of the glove industry will change again, and Malaysian glove manufacturers will usher in excellent market opportunities✅.
⏳ What is the market impact? ⏳
This news is undoubtedly a shot in the arm for the Malaysian glove industry?. The high tariffs imposed by the United States on Chinese gloves will provide solid support for the global market share of Malaysian glove companies?, and eliminate the previously worried market share loss?.
? What's next? How should investors respond? ?
It is predicted that glove stocks may usher in a wave of big gains similar to that on May 15?, especially after the "final decision" on the US tariff adjustment is released, today's market opening may be very hot?.
? Recommendations:
Short-term speculative opportunities: If you are a short-term trader, this wave of good news may bring a short-term rebound?, and it is worth paying attention to the trend of glove stocks.
Long-term holders: For long-term holders in the glove industry, this tariff adjustment may be a major change in the market structure. It is recommended to pay close attention to industry trends in the next few months?.
Are you ready to follow this wave of glove market? ?✨
