SMIC shares slumped after falling on the US blacklist


Shares of SMIC Semiconductor Manufacturing Corporation and China CNOOC Petroleum Corporation were “red in flames” on December 4 trading after these two companies fell on the US blacklist.

SMIC shares listed in Hong Kong fell 5.41% on December 4 trading day. Photo: Shutterstock

Green still dominated the Asia-Pacific stock market on December 4th. Mainland China markets cut off momentum today and closed in green. The Shanghai Composite Index rose slightly to 3,444.58 points, while the Shenzhen component edged up 0.4% and ended the day with 14,026.66 points.

Hong Kong markets also closed the day in green. The Hang Seng Index closed up 0.4% to 26,835.92 points.

CNBC TV channel quoted the US Department of Defense on the evening of December 3 that the agency has identified four businesses owned or controlled by the Chinese military, including: SMIC Semiconductor Manufacturing Corporation, General China Offshore Petroleum Company (CNOOC), China Construction Technology Company (CCTC), and China International Engineering Consulting Company (CIECC).

Hong Kong-listed SMIC shares today closed down 5.41% after hours of trading pauses, while CNOOC shares listed in Hong Kong also slipped 3.9%. Shares of e-commerce giant JD.com rose 2.41% today after news that JD Logistics, a subsidiary of JD.com, is looking for a bank partner for the initial public offering. public (IPO) worth $ 3 billion.

JD Logistics’ IPO is said to be a move in the footsteps of online health care provider JD Health after it raised $ 3.5 billion from an IPO in Hong Kong. Shares JD Health is expected to start trading from December 8.

Korean stocks today led the uptrend in Asia with the Kospi index up 1.31% to close at 2,731.45 points. In Japan, the Nikkei 225 index slipped 0.22% to 26,751.24 while Topix ended the day with a slight increase to 1,775.94 points.

Australian stocks today remained in green with the S & P / ASX 200 index rose 0.28% to 6,634.10 points, following information that retail sales in this country in October rose 1.4% from the previous month, according to Australian Bureau of Statistics. Overall, the MSCI Asia-Pacific Index (excluding Japan) rose 0.79%.

Information regarding Covid-19 resistant vaccine continues to attract the attention of investors. Pharmaceutical maker Pfizer is expected to distribute half of the Covid-19-resistant vaccine it has planned to provide for this year.

The Wall Street Journal reported that Pfizer initially intended to distribute 100 million doses of Covid-19-resistant vaccine this year, but some of the original batches of medicinal herbs used for vaccine production did not meet the standards. The US pharmaceutical company then confirmed it would distribute 50 million doses of vaccine this year and increase to 1.3 billion doses by the end of 2021. The Wall Street Journal’s information has triggered a wave of sell-off at the end of the session. translation on the US stock market.

The S&P 500 index slid 0.1% to 3,666.72 points last night after hitting a record increase in recent sessions. Meanwhile, the Dow Jones industrial average still rose 85.73 points, or 0.3%, to 29,969.52 points. The Nasdaq Composite rose 0.2 percent to 12,377.18 points.

Oil prices on the Asian market went up this afternoon. Futures prices for Brent oil jumped 2.09% to $ 49.73 / barrel, while the US crude futures price rose 1.77% to $ 46.45 / barrel.

The greenback continues to slide today. US dollar index against other major currencies fell to 90.60, compared with 91.5 set earlier this week. Japanese Yen strengthened significantly and converted 103.91 JPY / USD, compared with 104 JPY / USD set yesterday. Meanwhile, the Australian dollar also appreciated and exchanged 1 AUD “eating” 0.7431 USD, compared with 1 AUD for less than 0.74 USD earlier this week.

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