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China Healthcare Stocks On Recovery Path After $142 Billion Rout

Published by: dailynews
Published on:

Chinese healthcare stocks are back in vogue after a $142 billion wipeout, as signs grow that the worst of a government crackdown is over.

The Hang Seng Composite Healthcare Index, dominated by Chinese companies, has rallied 11% in the past month, having plunged 37% from a January peak after Beijing launched an anti-graft clampdown on the pharmaceutical sector.

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