ZTE shares plunge 17% after US Senate votes to reimpose ban
Published Tue, Jun 19, 2018 · 02:04 AM
[HONG KONG] Shares in Chinese telecoms equipment maker ZTE plunged almost 17 per cent in the first few minutes of trade Tuesday after US senators voted to reimpose a ban on high-tech chip sales to the company.
The firm lost 16.79 per cent to HK$10.90 soon after the open. The company has fallen about 60 per cent since trading in it resumed last week after a two-month suspension.
AFP
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Vietnam delays launch of new stock trading system
Hong Kong bourse regains favour on hopes of a market revival
Asia: Markets rise as strong US tech earnings offset poor data
Singapore shares open lower on Friday; STI down 0.1%
Stocks to watch: CLI, Great Eastern, MIT, Sheng Siong, iFast, OUE, Far East Orchard
Europe: Stocks retreat on earnings gloom, weak US economic data