Sun Pharma and Dr Reddy's fell 2% and 3.4%
PHOTO
FILE PHOTO: A guard walks inside the office of Sun Pharmaceutical Industries Ltd in Mumbai, India, November 13, 2018. REUTERS/Francis Mascarenhas.
Shares of Indian pharmaceutical companies slid 2.2% on Wednesday after U.S. President Donald Trump said he intends to impose tariffs in the range of 25% on pharma imports.
Sun Pharma and Dr Reddy's fell 2% and 3.4%, respectively, while Aurobindo Pharma tumbled 6%.
(Reporting by Kashish Tandon in Bengaluru; Editing by Savio D'Souza)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
