BUZZ-Fuyao's Hong Kong shares slump after security raids US unit

Reuters07-29

** Hong Kong shares of automotive glass maker Fuyao Glass Industry Group drop 9.2% to HK$40.25, on track for biggest one-day pct decline since March 2021

** Stock sinks to the lowest since April 17; third biggest pct loser on Hang Seng Composite Index which is up 1.6%

** Shanghai stock falls 7.5% to 43.7 yuan, lowest since April 2

** Fuyao Glass said the United States government agencies searched its subsidiary in Ohio on July 26 as part of an investigation into a third-party labour services company

** However, co says Fuyao Glass America was not the target of the investigation

** Production in its Ohio unit was partially halted during the search, which was completed on Friday afternoon, cargo transport and delivery were not affected, and operation remains normal - Fuyao

** Hong Kong stock up 16.7% YTD, Shanghai shares up 26.4% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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