US to blacklist DJI and seven other China firms, FT reports

Chinese dronemaker DJI, which isn’t listed, will be added to the blacklist. - Reuters

BEIJING (Bloomberg): Shares of China’s biggest chipmaker and several of its largest pharmaceutical firms sank on Wednesday (Dec 15) 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 US is mulling tougher measures.