Chinese manufacturer and the world’s largest supplier of video surveillance products, Hikvision Digital Technology Co Ltd, opened 10% lower on the Shenzhen Stock Exchange after reports stated the US may blacklist the firm, said Reuters.
On Wednesday, the New York Times reported the Trump administration is considering limiting Hikvision’s ability to buy US technology.
The move would place Hikvision on a US blacklist and US companies may have to obtain government approval to supply components to Hikvision. The US Commerce Department blocked Huawei Technologies from buying US goods last week, effectively banning US companies from doing business with the Chinese firm.