HONG KONG, Sept 28 (Reuters) - Hong Kong shares of
Semiconductor Manufacturing International Corporation
SMIC fell more than 7% on Monday after the United States imposed
restrictions on exports to China's biggest chip maker, citing a
risk of military use.
SMIC shares fall as much as 7.9% to HK$17.12, the lowest
since May 29. The stock was last down 6.7%.
SMIC said it had not received any official notice of the
restrictions and said it has no ties with the Chinese military.
Suppliers of certain equipment to SMIC will now have to
apply for individual export licenses, according to a letter from
the Commerce Department dated Friday and seen by Reuters.
(Reporting by Donny Kwok; Editing by Kim Coghill)