ZTE shares slide as much as 41% in Hong Kong, wiping $3B off its market cap, after the company agreed to pay up to $1.4B in penalties to the US government (Anne Marie Roantree/Reuters)

Anne Marie Roantree / Reuters:
ZTE shares slide as much as 41% in Hong Kong, wiping $3B off its market cap, after the company agreed to pay up to $1.4B in penalties to the US government  —  HONG KONG (Reuters) - Chinese telecommunications giant ZTE Corp (0763.HK) (000063.SZ) had about $3 billion wiped off its market value …

from Techmeme https://ift.tt/2HHo04J