Shares of Chinese ZTE fell 11.5%

On Friday, shares of the Chinese ZTE at the close of the stock exchange in Hong Kong fell by 11.5%. Their fall on the stock exchange in Shenzhen was 10%. The decrease in quotes of the company is observed after the US President Donald Trump approved the introduction of new duties on Chinese goods worth about 50 billion dollars. Over 3 days, the ZTE lost 5 billion 800 million dollars of capitalization. Its market value is now $13.5 billion. In April 2018, after the US banned US companies from selling ZTE equipment, the company suspended trading on the stock exchange. Since Wednesday, trading was resumed in connection with the deal with the US authorities to resolve trade disputes.

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