CHINA-US: US COMMERCE DEPARTMENTS LISTS 33 CHINESE ENTITIES
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The U.S. Department of Commerce on February 7 listed 33 Chinese entities it said use American export
items in ways that it has been unable to trace, injecting fresh volatility into markets. The highest-profile
among them was Chinese novel drug maker Wuxi Biologics Cayman Inc., which suspended trading in Hong
Kong after its addition to the department’s unverified list sparked a record sell-off. Wuxi Biologics shares
sank as much as 32% in Hong Kong earlier Tuesday, leading health-care stocks lower. The CSI Health Care
Index dropped as much as 2.6% to its lowest level in nearly two years.
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