More Troubles Ahead For ZTE After Senate Votes To Reinstate Embargo

Shares in ZTE and its US suppliers plummeted following the US Senate’s vote to annul President Trump’s trade deal

Shares in Chinese telecommunications equipment maker ZTE closed sharply lower on Tuesday following a US Senate vote to block a deal to lift sanctions against the company.

In Hong Kong the company’s shares dropped 25 percent, and were down by their 10 percent daily limit in Shenzhen.

Read more…
Source: Silicon