News: Infringement of the United States by the United States banned sales of parts for 7 years | Sunny Optical plunged 5%

Sina Hong Kong Stocks Limited ZTE's US sanctions continued to drag down the stocks of mobile phone equipment and related suppliers. Sunny Optical Technology (02382) plunged nearly 5%, led the decline in blue chips; AAC Technologies fell 4.27%, SMIC fell 2.55 %. 11.5% worse than development, BYD Electronics lost 4.7%.

The U.S. Department of Commerce has banned U.S. companies from selling parts to ZTE within seven years because the company violated the agreement reached with the U.S. government to illegally sell goods to Iran. The U.S. action may bring a major blow to ZTE because of ZTE’s production of equipment. It is estimated that 25 to 30% of the parts are provided by U.S. companies.