Shanghai Fudan’s HK shares slip on inclusion in US restricted-trade list — TradingView News

Date:

** Hong Kong-listed shares of Shanghai Fudan Microelectronics Technology Co 688385 slip 3.7% to HK$37.84, their biggest intraday pct decline since September 4

** Stock set to snap six conseucitve sessions of gains, if trend holds

** However, Shanghai-listed stock 688385 climbs 2.3% to 60.6 yuan

** Washington on Friday penalized two Chinese firms that acquired U.S. chipmaking equipment for China’s top chipmaker SMIC, including them among 32 entities that were added to the Commerce Department’s restricted trade list, according to a U.S. government posting. Twenty-three of the 32 were in China.

** Shanghai Fudan Microelectronics, associated companies and other entities in China, Singapore and Taiwan were added to the list. The companies could not immediately be reached for comment

** YTD, Hong Kong stock up 154.9%, Shanghai-listed shares up 58.6%

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...