Huawei suppliers drop on new U.S. restrictions

Q Technology (Group) Co

12/03/2021 02:41

** Shares in Huawei suppliers retreat on Tuesday, as the
U.S. administration adds new limits on these companies
    ** The Biden administration this week amended licences for
companies to sell to China's Huawei Technologies Co Ltd
 HWT.UL , further restricting companies from supplying items
that can be used with 5G devices, sources said.  urn:newsml:reuters.com:*:nL1N2L938T 
    ** On the mainland, Goertek Inc  002241.SZ , Luxshare
Precision Industry Co Ltd  002475.SZ , Suzhou Dongshan Precision
Manufacturing Co Ltd  002384.SZ  and Lens Technology Co Ltd
 300433.SZ  slide between 2.5% and 3.9% 
    ** In Hong Kong, Sunny Optical Technology  2382.HK , AAC
Technologies Holdings  2018.HK  and Q Technology (Group) Co Ltd
 1478.HK  ease between 0.7% and 1.1% 
    ** Shares in China's No.2 telecom equipment maker ZTE
 0763.HK  000063.SZ  falls 1.9% and 0.2% respectively in
Shenzhen and Hong Kong

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))