China Investigates DuPont China for Alleged Anti-Monopoly Violations

In a significant move, China's State Administration for Market Regulation (SAMR) announced on Friday that it has initiated an investigation into DuPont China Ltd. The probe is based on suspicions that the company may have breached China's stringent anti-monopoly laws.

Legal Proceedings Underway

SAMR emphasized that the investigation is being conducted "in accordance with the law," highlighting the seriousness with which China is addressing potential monopolistic practices. This development has sent ripples through the market, affecting DuPont's stock performance.

Market Impact

Following the announcement, DuPont De Nemours Inc.'s stock, listed in the United States, experienced a sharp decline of 9.27% in premarket trading. This reaction underscores the potential ramifications of the investigation on DuPont's global operations and investor confidence.