Viatris Inc
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Health Care : Pharmaceuticals | Mid Cap Value
Company profile

Viatris Inc. is a global healthcare company. The Company has four segments: Developed Markets, Greater China, JANZ and Emerging Markets. Developed Markets segment comprises its operations primarily in North America and Europe. Greater China segment includes its operations in China, Taiwan and Hong Kong. JANZ segment reflects its operations in Japan, Australia and New Zealand. Emerging Markets segment encompasses its presence in approximately 125 countries with developing markets and emerging economies including in Asia, Africa, Eastern Europe, Latin America and the Middle East, as well as its anti-retroviral franchise. Its portfolio comprises approximately 1,400 approved molecules across a range of key therapeutic areas, including globally recognized iconic and key brands, generics, complex generics, and biosimilars. It operates approximately 40 manufacturing sites worldwide, which produces oral solid doses, injectables, complex dosage forms and active pharmaceutical ingredients.

Premarket

Last Trade
Delayed
$11.24
0.13 (1.17%)
Bid
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Ask
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B/A Size
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Market Hours

Closing Price
$11.11
Day's Change
0.00 (0.00%)
Bid close
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Ask close
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B/A Size
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Day's High
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Day's Low
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Volume
(Light)
Volume:
1,054

10-day average volume:
14,610,516
1,054

Here's why popular China ETFs are on track for their best one-day gain in history

10:55 am ET March 16, 2022 (MarketWatch)
Print

By Mark DeCambre

KraneShares China ETF soars about 30% Wednesday

The KraneShares CSI China Internet ETF was soaring on Wednesday, on track for its best daily gain, if the rally holds, in its history, as China vowed support its economy.

At last check, the KraneShares ETF(KWEB), which tracks the performance of Chinese companies related to the internet and has over $5 billion in assets, was trading up 30%, which would mark its sharpest daily rally on record, dating back to its inception in 2013, FactSet data show.

The rally for the popular exchange-traded fund comes as all of the constituents of the fund were rallying by double-digits, including Alibaba Group Holding (9988.HK), Baidu Inc. (K3SD.SG), Pinduoduo Inc. (PDD), JD.com (JD), Tencent Holdings, (0700.HK) and Weibo (WB), to name a few of its 55 components.

Tencent, Alibaba and JD.com are the biggest weightings in the ETF.

China said it would work to stabilize Chinese stock markets and boost economic growth in the first quarter with "concrete actions," according to state-run Xinhua News Agency.

The statements were enough to inject a dose of optimism in the markets that have been under pressure amid questions about Beijing oversight of Chinese internet companies, fresh lockdowns in parts of the country to limit COVID's spread, and questions about China's future role, if any, in the conflict between Russia and Ukraine.

A separate China-focused fund, the iShares MSCI China ETF, (MCHI) which has nearly $6 billion in assets, was up over 15% on the day and headed for its best day on record, dating back to its inception in 2011.

For the year, however, both funds are substantially lower, with the iShares China ETF down 17% and its KraneShares counterpart off more than 21%.

-Mark DeCambre

	

(END) Dow Jones Newswires

March 16, 2022 10:55 ET (14:55 GMT)

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