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Xiaomi shares down 10.26% after US blacklists in clash against China

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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…

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