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Takeaways
- DuPont shares tumbled Friday after a Chinese regulator said it was investigating the company's operations in the country.
- China's State Administration for Market Regulation said it has opened a probe into whether DuPont China violated an anti-monopoly law.
- China announced retaliatory duties against the U.S. last Friday.
DuPont’s (DD) shares fell Friday after a Chinese regulator announced that it was investigating operations of the company in the country.
China's State Administration for Market Regulation (SAMR) said Friday that it has opened an investigation into DuPont China over a suspected violation of the country's anti-monopoly law.
The agency didn’t provide any further information about the alleged law violations by DuPont. In its latest quarterly report DuPont stated that China sales accounted about a fifth for its revenue in the fourth quarter of 2024 and for the full year at $584 million.
"We are aware of a report that the State Administration for Market Regulation of the People's Republic of China has initiated an investigation," a DuPont spokesperson told Investopedia. "We take this matter very seriously and are reviewing the claims in the report."
The investigation came the same day China said it would match a 34% tariff imposed by the Trump administration on Wednesday.
The chemical giant's shares were down 11% at $60.32 Friday afternoon. In the morning session, shares fell to $56.18, their low since late 2012.
UPDATE—This article has been updated with the latest share price information and a statement from DuPont.
