The Trump administration has added SMIC and Cnooc to a blacklist as companies owned or controlled by the Chinese military. Photo: Imaginechina
The Trump administration has added SMIC and Cnooc to a blacklist as companies owned or controlled by the Chinese military. Photo: Imaginechina
Business /  Markets

Hong Kong stocks end week lower after SMIC and CNOOC decline following US blacklisting

  • The Hang Seng Index rose 0.4 per cent on Friday, but fell 0.2 per cent for the whole week
  • China stocks, in a “soft bull cycle”, record a third week of gains

Iris Ouyang
Iris Ouyang

Updated: 4:12am, 3 Feb, 2021

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The Trump administration has added SMIC and Cnooc to a blacklist as companies owned or controlled by the Chinese military. Photo: Imaginechina
The Trump administration has added SMIC and Cnooc to a blacklist as companies owned or controlled by the Chinese military. Photo: Imaginechina
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