Huawei suppliers rally on report of U.S. licence easing

Yangtze Optical Fibre and Cable Joint Stock Co

10/10/2019 06:52

** Shares in Huawei suppliers rise on reports that U.S. will
ease restrictions on licenses for selling products to the
telecoms gear maker
    ** The United States will soon issue licenses allowing some
U.S. companies to supply non-sensitive goods to China's Huawei
 HWT.UL , the New York Times said on Wednesday  urn:newsml:reuters.com:*:nL2N26V02L 
    ** The move comes ahead of high-level talks between the two
countries later on Thursday 
    ** The CSI telecommunication services index  .CSI000994 
adds 1.4%
    ** Both Lens Technology  300433.SZ  and Shenzhen Sunway
Communication  300136.SZ  surge as much as 10%, leading the
gains in those suppliers
    ** Goertek Inc  002241.SZ , Suzhou Dongshan Precision
Manufacturing Co Ltd  002384.SZ , OFILM Group Co Ltd  002456.SZ 
and Luxshare Precision Industry Co Ltd  002475.SZ  climb between
2.9% and 4.5%
    ** In Hong Kong, Sunny Optical Technology  2382.HK , AAC
Technologies Holdings  2018.HK  and Yangtze Optical Fibre And
Cable  6869.HK  rise by 2.8%-7.6% 

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