Bloomberg
China Stocks Slump as Vaccine IP Waiver Proposal Hits Drugmakers
(Bloomberg) — China’s key equities index fell on Thursday following the Labor Day break, led by a slump in drugmakers after news that the U.S. will support a proposal to waive intellectual-property protections for Covid-19 vaccines.The CSI 300 Index dropped 1.2%, while the Shanghai Composite Index slipped 0.2% at close. The tech-heavy ChiNext Index fell 2.5%. The health-care subgauge was the worst performer on the…
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