Shares of China's ZTE sink 23% after US Senate targets company in new bill

Shares of China's ZTE sink 23% after US Senate targets company in new bill

6 years ago
Anonymous $cyhBy-qkd5

https://www.cnbc.com/2018/06/18/zte-sinks-23-percent-after-senate-passes-bill-paving-way-for-us-sanctions.html

Shares of ZTE sank during Tuesday morning trade after the U.S. Senate passed a defense bill that had major implications for an agreement struck with the Chinese telecommunications equipment maker.

ZTE stock tumbled 23.36 percent in Hong Kong while the company's Shenzhen-listed shares were limit down 10 percent.

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