China's ZTE says assessing implications of U.S. decision
China`s ZTE Corp said on Tuesday it was assessing the implications of a U.S. decision to ban American companies from selling components to the Chinese telecom equipment maker.
The U.S. Department of Commerce has banned American companies from selling components to ZTE for seven years after breaking an agreement reached after it was caught illegally shipping goods to Iran.
The Hong Kong-listed shares of ZTE were suspended on Tuesday.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.