SHANGHAI (Reuters) – China’s blue-chip stocks ended lower on Tuesday as uncertainty over the impact of the U.S. government’s move to add more Chinese entities to an export control list weighed on the feeling.
Shenzhen Hymson Laser Intelligent Equipment Co, a maker of automation and laser equipment, ended up losing 7.4% after its unit was added to the list by the US, which requires US exporters to undergo more procedures before to ship goods to entities.
Hong Kong-listed shares of WuXi Biologics plunged more than 30% as the vaccine ingredient maker was added to the list.
The news of the so-called “unverified list” from the US is having a major impact on listed companies and relevant industries as well as the supply chain, said Zhang Siyi, an analyst at Nanhua Futures.
“It will affect the profitability expectations of these companies and will have a downward impact on the A stock market,” he said.
The CSI300 index, which brings together the largest companies listed in Shanghai and Shenzhen, dropped 0.55% after hitting a 19-month low. The Shanghai index rose 0.67%.
. In TOKYO, the Nikkei index rose 0.13% to 27,284 points.
. In HONG KONG, the HANG SENG index fell 1.02% to 24,329 points.
. In SHANGHAI, the SSEC index gained 0.67% to 3,452 points.
. The CSI300 index, which brings together the largest companies listed in SHANGHAI and SHENZHEN, dropped 0.55% to 4,608 points.
. In SEOUL, the KOSPI index appreciated by 0.05%, at 2,746 points.
. In TAIWAN, the TAIEX index rose 0.37% to 17,966 points.
. In SINGAPORE, the STRAITS TIMES index rose by 1.05% to 3,401 points.
. On SYDNEY, the S&P/ASX 200 index advanced 1.07% to 7,186 points.
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