U.S. stock index futures rose. On the weekend Trump issued a proposal to let ZTE return to normal. This news was interpreted as a major turning point in the trade war between China and the United States, boosting sentiment in the market.
Trump said on Twitter that he is providing China’s telecommunications giant ZTE with a path to quickly return to the right track. As a result of this news, ZTE’s suppliers have soared collectively.
ACIA rose 17%, IPHI rose 6%, LITE rose 5%, OCLR rose 8.8%, FNSR rose 4.4%, FN rose 4.2%, NPTN rose 7.4%, MTSI rose 2.8%, AAOI rose 3.7%.