PETALING JAYA: Shares of glove makers have been facing sell-down pressure amid lofty valuations, following expectations of a weakening US dollar, guidance on supply-demand imbalance and rising costs.
Since last Friday, glove makers like Hartalega Holdings Bhd, Top Glove Corp Bhd and Kossan Rubber Industries Bhd have sold down by 12.5% to 18.4%.
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