Well-known Chinese news site Sina (NASDAQ: SINA) reported (August 7) that, as soon as U.S. President Trump officially signed the executive order to ban WeChat, the stock price of WeChat’s owner, Tencent, instantly suffered a free fall of 10 per cent on the Hong Kong Stock Exchange (HKSE). The loss of market value was the equivalent of HK$500 billion (around US$64.5 billion). In the meantime, the bad news also brought down SMIC (China’s largest chipmaker) by over ten per cent, Alibaba by six per cent, and Xiaomi by five per cent. These were all happening with the background of Mike Pompeo’s repetitive mention of the so-called Clean 5G Network plan on August 5. This is part of the U.S. effort to remove Chinese-made “untrusted” apps from the U.S. digital networks. The Chinese Ministry of Foreign Affairs expressed its strong opposition to these unfair political moves designed solely to sustain the U.S. monopoly in the high-tech industry. The new U.S. executive orders are directly against market rules and are a threat to the safety of the global supply chain.