Comment on ZTE stock falls after US penalties over Iran, North Korea

ZTE stock falls after US penalties over Iran, North Korea

ZTE stock falls after US penalties over Iran, North Korea

BEIJING (AP) — Shares in ZTE Corp. have fallen 41.5 percent in Hong Kong after the Chinese telecoms equipment maker agreed to pay a $1 billion penalty to the U.S. government and replace its top managers. Shares resumed trading Tuesday following a two-month suspension after Washington accused state-owned ZTE, China's second-largest maker of telecoms equipment, of reneging on a settlement of charges it violated export rules by selling U.S.

 

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