Cochlear (ASX: COH) Shares Recover on Heels of U.S. Import Duties Exemption News

Tue 08 Apr 25, 05:04 AM | Team Kalkine

Image source: Shutterstock

Highlights

Shares of Cochlear (ASX: COH) made a modest recovery today, up 0.4%, after experiencing a 2.6% decline earlier in the day. The hearing aid maker’s gains follow news that its implants will remain exempt from U.S. import duties, providing some relief to the company. This development comes as part of an ongoing trade policy affecting various industries, and Cochlear’s ability to maintain exemption status is seen as a positive for its operations in the U.S.

Despite today’s recovery, Cochlear’s shares have faced significant challenges recently. Over the past few sessions, the stock lost approximately 4%, largely driven by growing recessionary concerns that have weighed heavily on investor sentiment. Year-to-date (YTD), the stock is down 12.3%, reflecting broader market volatility and economic uncertainties that continue to affect the healthcare sector.

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