Hikvision’s share price fell 10 per cent on Thursday after Washington moved to impose tough sanctions on the Chinese surveillance camera maker accused of facilitating human rights abuses.
The company’s Shenzhen-listed shares finished trading on Thursday, still down by the maximum daily limit at Rmb38.24 ($5.79), as Chinese markets returned from a three-day holiday.
The Financial Times reported this week that the Biden administration was preparing to target the world’s largest manufacturer of surveillance equipment, according to four people familiar with the discussions, who said a final decision has not been made.
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