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| People take pictures of the Huya Inc. logo ahead of the company's IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 11, 2018. (Photo by=REUTERS/Brendan McDermid) |
[아시아뉴스통신=레악카나 기자] U.S.-listed shares of Chinese firms fell on Friday, a day after President Donald Trump unveiled bans on U.S. transactions with the China-based owners of messaging app WeChat and video-sharing app TikTok, escalating tensions between the two countries.
Tencent Holdings Ltd owns the popular WeChat app, while ByteDance is the owner of TikTok. Shares of other U.S.-listed Chinese companies backed by Tencent, including JD.com, Huya Inc and Nio Inc fell between 0.5% and 3.8%. "(There's) some very specific companies and policies mentioned and that appears to be a proverbial line in the sand," said Eric Freedman, chief investment officer at U.S. Bank Wealth Management in Minneapolis.
China's foreign ministry took a hard stance against the executive orders, saying it would defend the interests of Chinese businesses and warned that the United States would have to "bear the consequences" of its action. Tencent has invested in several Chinese, American and European companies, including Tesla Inc and "Call of Duty" creator Activision Blizzard Inc. TikTok has come under fire from U.S. lawmakers over national security concerns surrounding data collection.
The popular video app said it was "shocked" by the executive order and added that it would seek all courses of action to "make sure that the rule of law is not discarded."
