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David Chao, global market strategist of Invesco Asia-Pacific, said the surge in the US stock markets was mainly due to the fiscal and monetary policies. The low interest rates have further lowered bond yields, offering investors an option other than equities.
DJI's latest move came about a week after the company became a target of some US lawmakers and security experts over data security, particularly during a US Senate committee hearing on drone security.
DIFFERENT SYSTEMS
Dai Yujun and Ning Yuqi contributed to this story
Data shows that the market size of the facial recognition industry in China exceeded 1 billion yuan (3.3 million) in 2016, and is estimated to reach 5.1 billion yuan by 2021.