China Investigates DuPont China for Alleged Anti-Monopoly Law 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 centers around suspicions that the company may have breached China's stringent anti-monopoly laws.

Market Reaction: The news sent ripples through the financial markets, with Dupont De Nemours Inc.'s U.S.-listed stock experiencing a sharp decline of 9.27% in premarket trading.

SAMR emphasized that the investigation is being conducted "in accordance with the law," highlighting the seriousness with which China is approaching potential violations of its competition laws.