Glove stocks surge

Analysts have also turned bullish on the sector as at least three research houses upgraded their sector rating to “overweight”.

PETALING JAYA: The Biden administration’s latest tariff salvo against China is good news to Malaysian glove makers as it means that their Chinese competitors can no longer undercut them at a huge discount for exports to the United States.

The steep tariffs, in fact, will make Malaysian-made gloves such as generic nitrile medical gloves cheaper than those from China.