U.S. Adds China’s Wuxi Biologics to ‘Unverified List’; Shares Dive

The Commerce Department announced the additions to the list Monday.



Photo:

JOSHUA ROBERTS/REUTERS

Trading in shares of Chinese biotechnology company

Wuxi Biologics (Cayman) Inc.


2269 -22.77%

was halted in Hong Kong amid a deep selloff Tuesday after the company was added to a U.S. “unverified list” that subjects foreign entities to tighter export controls.

The Jiangsu-headquartered company’s shares…

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