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China Biopharma Stocks Suffer Tough First Quarter

publication date: Apr 1, 2008
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China biopharma stocks listed on US exchanges weathered a difficult first quarter of 2008. The ChinaBio® Stock Index fell from 1675 to 1215 during the three months, a substantial decline of 27.4%. China suffered an even more negative quarter. The Shanghai Composite, which had climbed from 1,000 to over 6,000 in two years, peaked in October. Since that time, it dropped below 3,500. In the first quarter of 2008, it watched 34% of its value vaporize as it slid from 5261 to 3472. More details...

Stock Symbols: (AMEX: PJG) (NYSE: MR) (NYSE: WX)

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