Pig Stocks Slump on China's First African Swine Fever Outbreak
- Highly contagious, often fatal disease found in China’s north
- Pork is China’s staple meat, country is world’s top consumer
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Chinese pig-related stocks slumped after the world’s biggest pork producer and consumer reported its first ever case of African swine fever.
Muyuan Foodstuff Co. dropped 8.7 percent, Guangdong Wens Foodstuffs Group Co. fell 6.3 percent and Tangrenshen Group Co. declined 4 percent. In Hong Kong, WH Group Ltd., the world’s biggest pork company, retreated 2.1 percent.