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Date TimeJuly 01, 2019
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Trump talk of easing Huawei ban lifts suppliers shares despite doubts
HONG KONG/TAIPEI (Reuters) - U.S. President Donald Trump's decision to allow U.S. firms to sell "high tech" products to Huawei led Asian investors to snap up shares in suppliers to the Chinese smartphone maker on Monday, even as some experts wondered what had changed. Huawei was put on a U.S. list in May that restricts U.S. tech firms such as Alphabet Inc's Google from doing business with the Chinese telecom network gear maker, viewed as a security risk by Washington amid trade tensions with Beijing. Trump said on Saturday the ban was unfair to U.S. suppliers, who were upset that they could not sell parts and components to Huawei without U.S. government approval.




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