Huawei suppliers drop after report of orders being cut

Yangtze Optical Fibre and Cable Joint Stock Co

06/06/2019 03:44

** Shares in Huawei  HWT.UL  suppliers fall, following a
report that the Chinese tech giant cuts orders to key suppliers
after U.S. blacklisting 
    ** China's Huawei Technologies Co Ltd has cut or cancelled
orders to major suppliers for components that go into its
smartphones and telecom equipment following its U.S.
blacklisting, the Nikkei reported on Wednesday  urn:newsml:reuters.com:*:nL4N23C3D2 
    ** Taiwan Semiconductor Manufacturing Co Ltd (TSMC)
 2330.TW  confirmed that orders from Huawei have declined after
the Huawei ban, according to the report. TSMC's shares lose 1.5%
    ** Leading the decline on the mainland, Shengyi Technology
Co Ltd  600183.SS  dives as much as 9.1%
    ** Suzhou Chunxing Precision Mechanical  002547.SZ ,
Shenzhen Goodix Technology  603160.SS , Shenzhen Sunway
Communication  300136.SZ , Shennan Circuits  002916.SZ  and
Luxshare Precision Industry  002475.SZ  all fall between 2.4%
and 5.4%
    ** In Hong Kong, Sunny Optical Technology  2382.HK , AAC
Technologies Holdings Inc  2018.HK  and Yangtze Optical Fibre
and Cable Joint Stock Ltd Co  6869.HK  shed 0.9%-2.1% 
    ** Huawei's smaller rival ZTE  000063.SZ  0763.HK  also
loses ground, falling 5.2% and 4.0% in Shenzhen and Hong Kong,
respectively

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