[Specialty Stocks] Diagnostic Kit Stocks Rise on News of New Coronavirus Discovery

Stocks related to diagnostic kits are showing strong performance. This is interpreted as being influenced by news that Chinese researchers have discovered a new bat coronavirus.

As of 10:13 AM on the 24th, Yutubaio was trading at 3,585 KRW, up 825 KRW (29.89%) compared to the previous trading day. Sujentech (20.86%), Labgenomics (14.56%), Humasis (7.56%), and SD Biosensor (4.62%) also showed strong gains.

According to the South China Morning Post (SCMP) on the 21st of this month (local time), researchers at the Wuhan Institute of Virology, Chinese Academy of Sciences, announced in a paper published on the 18th in the prestigious life sciences journal Cell that they had discovered a new coronavirus (HKU5-CoV-2).

This virus is known to be able to penetrate through the same human receptor as the virus that causes COVID-19 (Sars-CoV-2), indicating a risk of transmission from animals to humans.