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ZTE stocks jump after US lifts crippling supplier ban

ZTE stocks jump after US lifts crippling supplier ban

5 years ago
Anonymous $hM_jrxqbr-

https://www.cnet.com/news/zte-stocks-jump-after-us-lifts-crippling-supplier-ban/

ZTE's stock surged by 17 percent Monday morning after the company was freed from a crippling US supplier ban.

The Chinese telecom escaped the ban's shadow Friday when the US Department of Commerce announced that the company deposited $400 million in an escrow account, to be held to cover future violations.