BUZZ-Australian healthcare stocks at 1-week low on fears of hit to exports to US

Reuters
05/07
BUZZ-Australian healthcare stocks at 1-week low on fears of hit to exports to US

** Australian healthcare stocks .AXHJ slip 1.2% to a one-week low, extending declines from previous session

** Vaccine maker CSL CSL.AX down 1.8%; biopharma Telix TLX.AX drops 3.3%

** US President Trump signs executive order aiming to reduce approval time for local pharma plants to encourage domestic manufacturing; plans pharma tariffs in next two weeks

** Australian healthcare firms largely depend on exports to the U.S. and are hurt by a strong Australian dollar, which has hit a new five-month peak. AUD/

(Reporting by Sneha Kumar in Bengaluru)

((Sneha.kumar@thomsonreuters.com;))

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