Saturday, November 24, 2018

MARKETS_ U.S. Push on Huawei Ripples Through Markets

THE WALL STREET JOURNAL

MARKETS



U.S. Push on Huawei Ripples Through Markets

Washington has asked foreign allies to avoid telecommunications equipment from China’s Huawei


By Daphne Zhang

Nov. 23, 2018 9:05 a.m. ET

ZTE Corp. shares fell sharply Friday and Chinese stocks retreated more broadly as news that the U.S. was discouraging sales of Chinese telecoms gear abroad exacerbated trade concerns.

Meanwhile, shares in Ericsson AB of Sweden and Finland’s Nokia Corp., two big competitors of Huawei Technologies Co. and ZTE, rose in European trading, getting a lift from the report.

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READ MORE: https://www.wsj.com/articles/u-s-push-on-huawei-ripples-through-markets-1542981918


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