Huawei suppliers, Chinese telecoms firms surge on trade progress, 5G smartphone unveiling

Yangtze Optical Fibre and Cable Joint Stock Co

25/02/2019 02:05

** Shares in Huawei suppliers and Chinese telecoms firms
surge, after Trump said he could include Huawei and ZTE in trade
deal, and after Huawei unveiled 5G smartphone 
    ** An index tracking major Chinese telecoms firms
 .CSI000994  jumps as much as 4.9 pct to a nine-month high 
    ** Shenzhen shares of China's No.2 telecom equipment maker
ZTE Corp  000063.SZ  leap as much as 10 pct, while ZTE's Hong
Kong shares  0763.HK  spike 13.9 pct at one point
    ** U.S. President Donald trump said on Friday he may or may
not include Chinese telecommunications companies Huawei
Technologies and ZTE Corp in the trade deal being negotiated
between the United States and China  urn:newsml:reuters.com:*:nL1N20H1MC 
    ** Huawei Technologies  HWT.UL  unveiled a $2,600 folding
smartphone on Sunday which it said was primed for next
generation 5G mobile connections, even as the United States
campaigns to bar the Chinese company from such networks over
security concerns  urn:newsml:reuters.com:*:nL5N20J0II 
    ** Leading gains for Huawei suppliers, flexible OLED
panelmaker BOE Technology  000725.SZ  hits the 10 pct upper
limit 
    ** In Hong Kong, AAC Technologies Holdings  2018.HK , BYD
Electronic International Co Ltd  0285.HK  Yangtze Optical
Fibreand  6869.HK  gain in the range of 1.9-3.5 pct 
    ** In Taiwan, MediaTek  2454.TW  rises as much as 6.8 pct,
while Taiwan Semiconductor Manufacturing Co Ltd  2330.TW  and
Hon Hai Precision  2317.TW  were little changed
    ** On the mainland, Shenzhen Goodix Technology  603160.SS ,
Luxshare Precision Industry  002475.SZ , Hengtong Optic-Electric
 600487.SS , Shengyi Technology  600183.SS  and Shenzhen Sunway
Communication  300136.SZ  advance by 1.2-6 pct 

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