US State Dept. Warns of China Actions That affect National Security

So, more US actions tell of continuing efforts by Trump administration to curb aggressive Chinese moves across the globe. In a statement, the State Dept. said:" The Chinese Communist Party's threat to American national security extends into our financial markets and impacts American investors." A number of large companies in China saw their stocks fall after the notice. Hong Kong-listed CHINA COMMUNICATIONS CONSTRUCTION CO. and CHINA RAILWAY CONSTRUCTION CORP fell about 2.25%. CRRC Corp rose 0.3%. Surveillance specialist Hangzhou Hikvision Digital Technology Co., the largest of these companies by market value, fell 2.3%. FTSE Russell said it would drop the companies from its global equity index series. Other Chinese companies saw stock prices plummet last month after being named by the Pentagon as supporters of the Chinese military. They include China Telecom Corp., China Mobile Ltd., and China Unicom.