TECH_ Chinese Tech Shares Tumble on Spying Concerns

THE WALL STREET JOURNAL

TECH

Chinese Tech Shares Tumble on Spying Concerns

Shares of China’s Lenovo and ZTE fall more than 10% each

By Dan Strumpf
Updated Oct. 5, 2018 3:36 a.m. ET


HONG KONG—The escalating trade fight between Washington and Beijing is sending a chill through investors in Chinese tech companies that sell to the U.S.

Hong Kong-listed shares of Lenovo Group Ltd., the Chinese maker of PCs and servers, fell more than 20% on Friday, while shares of ZTE Corp., which makes smartphones and telecommunications equipment, shed more than 10%. Other Chinese hardware manufacturers also fell, including those that sell to U.S. customers or supply U.S. technology companies.

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READ MORE: https://www.wsj.com/articles/chinese-tech-shares-tumble-on-spying-concerns-1538721860


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