This Stock Couldn’t Stand the U.S.-China Trade War

Chinese chipmaker Semiconductor Manufacturing International applied for a delisting from the NYSE.
The withdrawal was motivated by the “low trading volume and high costs,” and “it has nothing to do with the trade war and Huawei incident”.
The last trading day of the SMI stock will be on June 13. The company’s main listing remains in Hong Kong.
The Shanghai-based semiconductor currently worth $5.4 billion and is known as the largest chip producer in China.

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