Hikvision's Stock Drops After Reports US May Blacklist Surveillance Gear Maker
Liao Shumin|Li Juan
/SOURCE : yicai
Hikvision's Stock Drops After Reports US May Blacklist Surveillance Gear Maker

(Yicai Global) May 22 -- Shares in Hikvision Digital Technology fell following reports that the US may blacklist the Chinese video surveillance equipment maker.

Hikvision [SHE:002415] recovered from an initial 10 percent decline, the maximum allowed daily under stock exchange rules, to end 5.5 percent lower at CNY26.07 (USD3.77).

The foreign media widely reported earlier that the Trump administration is considering curbing the Hangzhou-based company's ability to buy US technology.

Hikvision's head of investor relations said the company has yet to receive any such notification. The firm is looking into countermeasures following the reports, he said, adding that it does not depend much on American chips, and there are many alternatives available in other countries.

Editor: William Clegg

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Keywords: Hikvision