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China targets five U.S. subsidiaries of South Korea's Hanwha Ocean, sending shares down 8%
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China targets five U.S. subsidiaries of South Korea's Hanwha Ocean, sending shares down 8%

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1 min read
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CNBC

The order, which took effect immediately, will prohibit Chinese organizations and individuals from doing business with the sanctioned companies.

Shares of South Korean shipbuilder Hanwha Ocean fell more than 8% Tuesday after China sanctioned five of its U.S. subsidiaries, escalating tensions with Washington over their alleged involvement in a probe into the Chinese shipping industry. The sanc... [2032 chars]

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Source: CNBC

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