Shares in Hikvision, the world’s largest surveillance company, dropped on Wednesday following a report that the Trump administration was considering blocking it from buying US technology.
Hikvision shares fell as much as 10 per cent, the daily limit, in Shenzhen to touch the lowest intraday level since October. The shares later trimmed losses to be 6.1 per cent lower.
The New York Times reported that the manufacturer, which supplies surveillance technology to detention camps in Xinjiang, is set to become President Donald Trump’s latest target after Huawei.
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