Updates

** Shares of medical equipment maker GE Healthcare GEHC.O fall 13.5% to $62.25

** China launches an anti-dumping probe into imports of certain medical X-ray tubes used in CT scans from the U.S.

** China also announces export curbs on some medium and heavy rare-earth metals, including gadolinium, which is used in MRI scans

** China, which contributed ~12% of GEHC's revenue in 2024, is one of the key markets where majority of products sold are imaging equipment

** "The risk is that any ruling from the (Chinese) ministry could impact tender processes and sales within a key market," BTIG analysts say

** "It is clear that the Chinese government is taking steps to prop up a historically lagging medical device industry, and will likely take more proactive measures in the future to favor local Chinese MedTech vs foreign competition" - J.P.Morgan analysts

** An anti-dumping investigation examines whether goods imported into a country are being sold at prices lower than their domestic market prices

** Including session moves, GEHC down ~20% vs ~1% decline in S&P Healthcare Equipment .SPLRCMED YTD

(Reporting by Bhanvi Satija and Mariam Sunny in Bengaluru)

((Bhanvi.Satija@thomsonreuters.com; Outside U.S. +91 9873062788;))