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London 1. US-China friction: Shares in Chinese surveillance company Hikvision plunged on Wednesday following a report that the Trump administration is considering banning it from buying US goods.

Hikvision stock plummeted the daily limit of 10% during early morning trading in Shenzhen. It recovered some of those losses to close about 6% lower.The drop came after the New York Times reported that the United States is considering adding the company to a trade blacklist, alongside smartphone and 5G giant Huawei. The move would be Washington's latest attempt to curb Beijing's tech ambitions, and a further escalation of the US-China trade war as talks have stalled.

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