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Nikkei Markets

Pork king WH Group sees shares jump as results help lift outlook

Company seen accelerating shipments from the US despite high tariffs

African swine fever has sent consumer pork prices in China surging.   © Reuters

HONG KONG (Nikkei Markets) -- Shares of WH Group, the Chinese pork producer caught in the crossfire of the Sino-American trade war, jumped the most in eight weeks as its third-quarter performance helped boost its outlook, thanks to the swine flu epidemic.

Surging pork prices in China, the world's largest market where the spread of the African swine fever has devastated pig herds, are fueling expectations that imports of the protein from the U.S. will increase notwithstanding higher import tariffs in China.

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