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

PVH

04/02/2025 09:27

** 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 some rare earths and
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 
    

 (Reporting by Medha Singh)
 ((medha.singh@thomsonreuters.com))