Illumina falls after China bans imports of its gene sequencers
ReutersMar 4, 2025 10:36 AM
Gene sequencing equipment maker Illumina's ILMN.O shares fall 2.62% to $82 premarket
China bans ILMN's gene sequencers, just minutes after U.S. President Donald Trump's additional 10% tariff took effect
Beijing had put Illumina on its "unreliable entity" list in February
Sales in China account for about 7% of the company's revenue
Stock has fallen 37% in the past 12 months
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