HK's TCL Electronics hits 4-week low on probe by U.S. trade panel

TCL Electronics Holdings

30/09/2019 08:55

** Chinese consumer electronics maker TCL Electronics
Holdings Ltd  1070.HK  falls as much as 5.7% to HK$3.78, its
lowest since Sept. 4
    ** Says the United States International Trade Commission
decided to institute a section 337 probe against several Chinese
and U.S. companies including TCL, alleging infringement of
patents  urn:newsml:reuters.com:*:nFWN26K067
    ** Says the investigation involves its up-stream supplier's
integrated circuits technology, and will have very limited
effect on its operation 
    ** Stock is up 33.7% this year, as of Friday's close 
    ** Guangdong-based firm has outperformed the Hang Seng
Commerce & Industry Index sector  .HSNC  by 14.4 percentage
points in the past one month
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.5%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.6%, and the benchmark index  .HSI  gains 0.5%

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)