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Hong Kong Shares Of China’s SMIC Plunge As Trump Considers Adding Firm In Blacklist

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Soumyadeep Pal
Coverage By Soumyadeep Pal

HONG KONG: Shares of Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC) fell as much as 15.2% to HK$20.02, the lowest since June 16, after a U.S. official said it was considering adding the Chinese firm to a trade blacklist.

The stock was the fifth most actively traded by turnover in early trade.


Its Shanghai-listed shares fell as much as 11%.

The Trump administration is considering whether to add China’s top chipmaker SMIC to a trade blacklist, a Defense Department official said Friday, as the United States escalates a crackdown on Chinese companies.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor


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