China Shenghuo Pharmaceutical Holdings soars 35% on heavy volume

China Shenghuo Pharmaceutical Holdings, Inc. (AMEX:KUN) are surging 35% in unusually heavy volume despite no significant announcements from the China-based developer of pharmaceutical, nutritional supplement and cosmetic products. In midday action, 1.1 million shares have been traded compared with an average of 59,900 shares. Investors posting on Internet message boards speculate that medical products will be in high demand after a deadly earthquake damaged China’s southwest region. China said early Thursday morning that the death toll from the quake could top 50,000.

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