China Surveillance Giant Hikvision Slumps on U.S. Ban Report
- U.S. mulling restrictions on flow of American tech, NYT says
- Hikvision could face similar limits to those on Huawei
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Hangzhou Hikvision Digital Technology Co. plunged as much as the daily limit after the New York Times said the Trump administration was considering curtailing the flow of American technology to China’s top maker of video surveillance gear.
The stock fell as much 9.6% before recovering to be 6.2% lower as of 9:50 a.m. in Shenzhen. The White House will make a final decision in coming weeks on whether to limit exports of U.S. components to Hikvision, as it’s done with Huawei Technologies Co., the Times reported, citing unidentified people familiar with the matter. Such a move would escalate tensions with China and raise questions about whether the U.S. is going after more of the country’s technology champions.