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Shares of China's SMIC plunge as Trump considers adding firm to blacklist

Shares of Hong Kong-listed Semiconductor Manufacturing International Corp fell 15.2% to HK$20.02 after a US official said it was considering adding the Chinese firm to a trade blacklist

Hong Kong | China | Donald Trump

Reuters  |  HONG KONG 

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(Reuters) - Shares of Hong Kong-listed Semiconductor Manufacturing Corp <0981.HK> (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


(Reporting by Donny Kwok; Editing by Kim Coghill)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mon, September 07 2020. 07:45 IST