Huawei suppliers fall as U.S. tightens restrictions

Q Technology (Group) Co

18/08/2020 02:49

** Shares in Huawei suppliers retreat on Tuesday, as the
U.S. further tightens restrictions on the Chinese tech giant
    ** The Trump administration's move, announced on Monday, is
aimed at cracking down on Huawei Technologies Co's  HWT.UL 
access to commercially available chips  urn:newsml:reuters.com:*:nL1N2FJ0CV
    ** Leading the losses, MediaTek  2454.TW  slumps as much as
9.9%, on track for its worst day since Dec. 6, 2017 
    ** In Hong Kong, Sunny Optical Technology  2382.HK , AAC
Technologies Holdings  2018.HK , Q Technology (Group) Co Ltd
 1478.HK , Semiconductor Manufacturing International Corp
 0981.HK  slide between 1.3% and 8.4% 
    ** On the mainland, Goertek Inc  002241.SZ , Luxshare
Precision Industry Co Ltd  002475.SZ  and Shenzhen Sunway
Communication Co Ltd  300136.SZ  fall by 1.1-2.1%
    ** Shares in China's No.2 telecom equipment maker ZTE
 0763.HK  000063.SZ  eases 1.4% and 0.6% respectively in
Shenzhen and Hong Kong 

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