China Surveillance Giant Hikvision Tanks on U.S. Ban Report

Bloomberg News, Bloomberg News

A man stands on an elevated platform while performing maintenance work on a surveillance camera in front of the Shanghai Tower, right, and the Jin Mao Tower in the Lujiazui Financial District in Shanghai, China, on Monday, Feb. 26, 2018. Xi Jinping's decision to cast aside China's presidential term limits is stoking concern he also intends to shun international rules on trade and finance, even as he champions them on the world stage. , Bloomberg

(Bloomberg) -- Hangzhou Hikvision Digital Technology Co. dived 9.6% after the New York Times reported the Trump administration is considering curtailing the flow of American technology to China’s top maker of video surveillance gear.

The White House will make a final decision in coming weeks on whether to limit exports of U.S. components to Hikvision, as it’s done with Huawei Technologies Co., the Times cited people familiar with the matter as saying. Such a move would escalate tensions with China and raise questions about whether the U.S. is going after more of the country’s technology champions.

The stock fell to 24.95 yuan as of 9:27 a.m. in Shenzhen.

To contact Bloomberg News staff for this story: Gao Yuan in Beijing at ygao199@bloomberg.net

To contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Robert Fenner