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CORRECTED-BUZZ-Illumina, PVH slide as China retaliates after US tariffs kick in

ReutersFeb 4, 2025 9:36 AM

Corrects to drop mention of rare earths in fourth bullet

Shares of U.S. biotechnology firm Illumina ILMN.O drop 4% to $79.95 premarket as China puts co on its "unreliable entity list"

China's Commerce Ministry also includes PVH Corp PVH.N, the holding company for brands including Calvin Klein and Tommy Hilfiger, in the list sending its shares down 4% in low trading volume

China on Tuesday announced a wide range of measures targeting U.S. businesses minutes after additional U.S. tariffs on Chinese goods took effect

China also imposed export controls on some metals that are critical for electronics, military equipment and solar panels

Meanwhile, U.S.-listed China stocks rise, mirroring HK-listed shares' climb to 3-month highs; iShares China large-cap ETF FXI.N up 2% .SS

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