/biz/ - Business & Finance

GENTLEMAN, I think we might be too late.

Hmmm...
China:
>Shanghai Dragon Medical, which makes medical disposable and healthcare products, and Tianjin Teda, a conglomerate whose products include medicines, were both up by 10%.

>At one pharmacy in Shanghai, a shopkeeper named Liu Zhuzhen said more than 100 people had bought masks by midday. They were already sold out despite having recently been restocked.

>3M, an American brand popular in China for anti-pollution masks, was sold out of masks on its official online stores on e-commerce platforms Taobao and JD.com as of Tuesday afternoon. Other retailers were selling 3M masks at a markup, including for as much as $7 a mask. Websites that track online pricing show the same masks used to sell for 53 cents each.

Japan:

>Azearth, which supplies protective clothing, jumped 16.2%; Airtech Japan, which makes air showers and other air-purifying products, gained 8%. Shikibo, which produces anti-virus masks, was up 10.8%.

>Leading mask maker Unicharm on Friday switched domestic factories to three-shift, round-the-clock operations. The company will maintain increased production at least until the end of the month, when it will decide whether to pull back based on the number of orders.

>Drugstore chain Welcia Holdings immediately made additional orders. Demand for masks normally rises at this time of year due to influenza and other common illnesses, but the new coronavirus has added to the sense of urgency. Japan's Health Ministry as well as Chinese authorities recommend wearing the masks to protect against infection.

>China Eastern Airlines lost 2.9% but Shanghai Dragon Medical, which makes medical disposable and healthcare products, and Tianjin Teda, a conglomerate whose products include medicines, were both up by 10%.

> On the other hand, surgical mask manufacturer Shikibo rocketed 10.78 percent, and its industry peer Daiwabo Holdings climbed 1.02 percent.