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U.S. to Blacklist DJI and Seven Other China Firms, FT Reports

  • Commerce, Treasury to add sanctions for DJI, biotech firms: FT
  • Shares in health-care firms including Wuxi Biologics plummet
A DJI Mavic 2 Enterprise drone.

A DJI Mavic 2 Enterprise drone.

Photographer: Qilai Shen/Bloomberg
Updated on

Shares of China’s biggest chipmaker and several of its largest pharmaceutical firms sank on Wednesday on fears that Washington will slap investment and export sanctions against more companies. 

Wuxi Biologics Cayman Inc. tumbled a record 25% in Hong Kong before paring losses, while Sino Biopharmaceutical Ltd. dropped 5% at the close. Semiconductor Manufacturing International Corp., which is already under sanctions, fell 6.4% on a report that the U.S. is mulling tougher measures.