News Formal

Chinese surveillance giants' stocks dive on US blacklist report

  • 📰 fmtoday
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

After Huawei, two surveillance companies are experiencing share drops as Washington considers banning them from purchasing US components.

Washington may ban China’s Hangzhou Hikvision Digital Technology and Zhejiang Dahua Technology from purchasing US components.

The action, first reported by the New York Times, would also likely exacerbate a worsening row with Beijing after President Donald Trump stopped US firms from selling to Huawei and barred it from the US market. Huawei has been given a 90-day reprieve.Hikvision is the world’s largest seller of surveillance equipment, employing 34,000 people worldwide.

Chinese authorities have placed an estimated one million mostly Muslim ethnic minorities including Uighurs in internment camps, which Chinese authorities downplay as “vocational education centres”.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia’s Huawei sellers and users worry US ban may impact business, usageSELLERS and users of Huawei phones in Malaysia on Tuesday (May 21) expressed concerns after US tech giant Google said it would suspend its business wi...
Source: theSundaily - 🏆 25. / 51 Read more »