New Delhi, Nov. 9 -- China on Monday rejected allegations of a "spy plot" involving Nvidia CEO Jensen Huang, terming the claims baseless and accusing those making them of attempting to malign Beijing.

The denial came after a report by The New York Times said Huang had informed Nvidia's board that he had been intimate with a business executive whom US intelligence agencies had identified as gathering information on behalf of Beijing.

Reacting to the allegations, Chinese Foreign Ministry spokesperson Guo Jiakun dismissed the claims during a briefing on Monday.

"The so-called Chinese spy allegation is unsubstantiated. It is nothing but smears against China," Guo Jiakun said.

Separately, Nvidia shares declined around 5% in pre-market trad...