** Shares of some life sciences companies down as China announced an increase in tariffs on U.S. imports to 84% from 34%, shortly after President Donald Trump's punitive 104% tariffs on Chinese imports kicked in on Wednesday
** Shares of QuidelOrtho QDEL.O fall 1.6%, Thermo Fisher Scientific TMO.N down 1.4%, Bio-Techne TECH.O down 1.7%
** Bio-Rad Laboratories BIO.N down 1.2%, Danaher DHR.N down 1%
** Brokerage RBC Capital Markets says both DHR and QDEL have 12% of their revenue coming from China
** Adds, BIO has 8% exposure to China, while TECH and TMO both have 9% exposure to the region
** RBC says the rollout of China's equipment stimulus package announced in March 2024 could be impacted by the new tariffs
** China's cabinet approved the equipment stimulus package to promote large-scale equipment upgrades and replacement of old consumer goods with new ones
** Including session's move, QDEL down 42.3% YTD, DHR down 24.1%, TMO down 19.8%
(Reporting by Christy Santhosh)
((Christy.Santhosh@thomsonreuters.com))
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