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BUZZ-Illumina falls after China bans imports of its gene sequencers

Reuters
2025/03/04
BUZZ-<a href="https://laohu8.com/S/ILMN">Illumina</a> falls after China bans imports of its gene sequencers

** Gene sequencing equipment maker Illumina's ILMN.O shares fall 2.62% to $82 premarket

** China bans ILMN's gene sequencers, just minutes after U.S. President Donald Trump's additional 10% tariff took effect

** Beijing had put Illumina on its "unreliable entity" list in February

** Sales in China account for about 7% of the company's revenue

** Stock has fallen 37% in the past 12 months

(Reporting by Padmanabhan Ananthan)

((Padmanabhan.Ananthan@thomsonreuters.com;))

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