rss

US reportedly weighs blacklisting of up to five Chinese surveillance firms

Bloomberg reports

The report says that the US is considering cutting off the flow of vital American technology to as many as five Chinese companies including Hangzhou Hikvision Digital Technology. Adding that the US is deliberating whether to add Hikvision, Zhejiang Dahua Tecnology and several others to a blacklist that bars them from US components or software.
Citing people familiar with the matter, there’s concern that Hikvision’s or Dahua’s cameras, which come with facial recognition capabilities, could be employed in espionage. So far, only the two companies above are cited in the report. The other companies associated or potentially included are unknown at the moment.
Regardless, this will just continue to escalate tensions between the two countries. As mentioned before, things are likely to get worse before they get better as both sides play hard ball. The story above goes in line with the earlier report by the NYT here.

NY Times reports “Trump Administration Could Blacklist Chinese Surveillance Technology Firm”

If so it’ll inflame trade tneions once again.

Says the NYT, citing unnamed ‘people familiar with the matter’:
  • Trump administration considering limits to a Chinese video surveillance giant’s ability to buy American technology
  • would effectively place the company, Hikvision, on a United States blacklist
  • would mark the first time the Trump administration punished a Chinese company for its role in the surveillance and mass detention of Uighurs, a mostly Muslim ethnic minority.
You’ll have noticed yen crosses on the slide just a wee bit in past minutes/halfhour or so. Could be related?

US stocks move higher after US eases restrictions on Huawei

Nasdaq climbs 1% on the day. S&P up 0.8%

The major US stock indices rose in trading today on the back of the US easing of restrictions on Huawei (and reliant companies).
The final numbers are showing:
  • S&P index +24.13 points or 0.85% at 2864.36
  • NASDAQ index +83.348 points or 1.08% at 7785.72
  • Dow industrial average +197.43 points or 0.77% at 25877.33
Some winners today included:
  • Alcoa, +3.15%
  • DuPont, +3.06%
  • micron, +2.95%
  • Southwest air, +2.63%
  • Bristol-Myers Squibb, +2.42%
  • AMD, +2.51%
  • Square, +2.39%
  • Nviidia, +2.18%
  • Intel, +2.07%
  • Caterpillar, +2.03%
  • Apple, +1.92%
Losers on the day included:
  • Procter & Gamble, -0.85%
  • Pepsi, -0.72%
  • General Mills, -0.61%
  • Philip Morris, -0.55%
  • Coca-Cola, -0.53%
  • Ford, -0.49%
  • travelers, -0.48%
  • Walmart, -0.39%
  • Chipotle, -0.3%
  • Johnson & Johnson, -0.23%
Go to top