Investors wipe $3 billion off China’s ZTE market value after U.S. settlement

June 13, 2018 admin Business News Comments Off on Investors wipe $3 billion off China’s ZTE market value after U.S. settlement

HONG KONG (Reuters) – Chinese telecommunications giant ZTE Corp had about $3 billion wiped off its market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government.

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Source:: Reuters – Business News