Xiaomi shares down 10.26% after US blacklists in clash against China
Shares of Chinese smartphone maker, Xiaomi Corp. plunged 10. 26 percent, Friday, after the United State blacklisted the firm in what can be described as a flurry of actions against China. The embargo on the smartphone making company follows a December decision by the Trump Administration to boycott more than 60 other Chinese companies. Xiaomi…