|Bid||24.58 x 0|
|Ask||24.59 x 0|
|Day's range||24.50 - 25.50|
|52-week range||22.29 - 40.67|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||29 Oct 2018 - 2 Nov 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||38.26|
Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world's two largest economies. After the United States placed Huawei Technologies on a trade blacklist last week, British chip designer ARM has halted relations with Huawei in order to comply with the blockade. "Both the U.S. and China appear to be preparing for a prolonged period of trade conflict," wrote analysts at Nomura in a note on the standoff.
Asian shares carved out a four-month trough on Thursday amid worries the Sino-U.S. trade conflict was fast morphing into a technology cold war between the world's two largest economies. After the United States placed Huawei Technologies on a trade blacklist last week, British chip designer ARM has halted relations with Huawei in order to comply with the blockade. "For China, the key risk is that the combined effects of investment restrictions, export controls, and tariffs will rewire supply chains and weaken manufacturing investment, particularly in the technology sectors driving growth," ratings agency S&P warned in a special report.
After the United States placed Huawei Technologies on a trade blacklist last week, British chip designer ARM has halted relations with Huawei in order to comply with the blockade. "For China, the key risk is that the combined effects of investment restrictions, export controls, and tariffs will rewire supply chains and weaken manufacturing investment, particularly in the technology sectors driving growth," ratings agency S&P warned in a special report. Japan's Nikkei slipped 0.5% in early trade, while South Korea lost 0.3%.
China's Hangzhou Hikvision Digital Technology Co Ltd takes cybersecurity seriously and abides by applicable laws and rules wherever it operates, the China Daily newspaper quoted the company on Thursday as saying. "Hikvision takes cybersecurity very seriously as a company and follows all applicable laws and regulations in the markets we operate in," it cited the company as telling the newspaper. "The company has already retained a human rights expert and former U.S. ambassador Pierre-Richard Prosper to advise the company regarding human rights compliance," it added.
WASHINGTON/SHANGHAI, May 22 (Reuters) - The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision over the country's treatment of its Uighur Muslim minority, a person briefed on the matter said, the latest effort by the Trump administration to crack down on Chinese companies as trade friction between the world's top two economies escalates. Hikvision was named in a letter to U.S. President Donald Trump's top advisers last month, signed by more than 40 lawmakers, which called for tighter U.S. export controls over China's treatment of its Uighurs in Xinjiang in western China. The restrictions, which according to the source are among several options being considered by the Trump administration, would severely limit Hikvision's ability to buy U.S. technology from American companies.
Most APAC Indexes Are in the Green amid the Trade War EscalationThe ban warIf it was Huawei last week, it’s Hikvision this week.Chinese indexes were down on May 22 on the possibility that the Trump administration may bar Hangzhou HikVision, a
WASHINGTON/BEIJING, May 22 (Reuters) - The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Washington this month hiked existing tariffs on $200 billion in Chinese goods to 25% from 10%, prompting Beijing to retaliate with its own levies on U.S. imports, as talks to end a 10-month trade war between the world's two largest economies stalled.
A Chinese video surveillance company says it is taking concern about the use of its technology seriously following a report that the U.S. may block several Chinese surveillance companies from buying American components. Hikvision said in a statement Wednesday that it "has engaged with the U.S. government regarding all of this since last October" and retained an American lawyer to advise it on human rights compliance. Bloomberg reported earlier that the Trump administration may blacklist Hikvision and several others because of concern about their role in a crackdown on ethnic Muslim Uighurs in China's Xinjiang region.
A report on Tuesday said the United States is considering Huawei-like sanctions on video surveillance firm Hikvision , sending the firm's Shenzhen-listed shares down 5.5% and deepening worries that trade friction between the world's top two economies could be further inflamed. MSCI's developing world stocks index consolidated gains from Tuesday's session, which lifted it off a more than four-month trough hit at the start of the week. Turkish Defence Minister Hulusi Akar said late on Tuesday that while he sees an improvement in talks with the United States over the purchase of Russian S-400 defense systems and U.S. F-35 fighter jets, Ankara was also preparing for potential U.S. sanctions.
Shares in two top Chinese surveillance firms plunged Wednesday following reports Washington is considering banning them from buying US components, just as the blacklisting of telecoms giant Huawei fanned their escalating tech war. The move -- over alleged human rights abuses -- would make it harder for Hangzhou Hikvision Digital Technology and Zhejiang Dahua Technology to access the US market and suppliers, Bloomberg News cited people familiar with the matter as saying. 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.
European shares edged lower on Wednesday as concerns over a protracted U.S.-China trade war again worried investors, while a drop in the pound propped up London's blue-chip index. The pan-European STOXX 600 index was down 0.1% by 0708 GMT with Germany's DAX, traditionally sensitive to trade issues, down 0.2%. A report that the United States is considering limits on Chinese video surveillance firm Hikvision added to the list of tensions between the two sides ahead of a summit later this month.
Asian stocks struggled for traction on Wednesday, as relief over Washington's temporary relaxation of curbs against China's Huawei Technologies failed to offset deeper worries about an intensifying trade war between the world's two largest economies. In opening European trade, the pan-region Euro Stoxx 50 futures were down 0.03%, Germany's DAX futures were up 0.01% and Britain's FTSE futures were up 0.28%. Japan's Nikkei added 0.1%.
BEIJING/WASHINGTON, May 22 (Reuters) - China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the U.S.-China trade war took a mounting toll on tech giant Huawei. The world's two largest economies have escalated tariff increases on each other's imports after talks broke down to resolve their dispute, and the acrimony has intensified since Washington last week blacklisted Chinese telecom equipment company Huawei Technologies Co Ltd.
The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world's top two economies could be further inflamed. The restrictions would limit Hikvision's ability to buy U.S. technology and American companies may have to obtain government approval to supply components to the Chinese firm, the New York Times reported https://nyti.ms/2MfgBS3 on Tuesday.
The U.S. administration is considering limits to Chinese video surveillance firm Hikvision's ability to buy U.S. technology, the New York Times reported on Tuesday, deepening worries about trade frictions between the world's two top economies. The move would effectively place Hikvision on a U.S. blacklist and U.S. companies may have to obtain government approval to supply components to Hikvision, the paper said https://nyti.ms/2MfgBS3. The U.S. Commerce Department blocked Huawei Technologies from buying U.S. goods last week, effectively banning U.S. companies from doing business with the Chinese firm, a major escalation in the trade war, saying Huawei was involved in activities contrary to national security.
Shares in Hikvision, the world’s largest surveillance company, dropped on Wednesday following a report that the Trump administration was considering blocking it from buying US technology. Hikvision shares fell as much as 10 per cent, the daily limit, in Shenzhen to touch the lowest intraday level since October. on Chinese companies such as Hikvision that receive support from US investment funds.