Xiaomi stock down 10% after US blacklists smartphone maker
Shortpedia
Content Team
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After Huawei and ZTE, the US government has now taken on the Chinese conglomerate Xiaomi, blacklisting it as a "Communist Chinese military company". Xiaomis stock nosedived more than 10 per cent in early Friday trading after the news broke. In a fresh list, the US Department of Defense has targeted Xiaomi, which means that the company is also vulnerable to the outgoing President Donald Trump's executive order.
