Huawei plays down impact of new US license extension – Reuters

News

In response to a new 90-day license extension by the Trump Administration on Monday, the Chinese tech giant, Huawei Technologies, said that the latest extension would not “have a substantial impact on Huawei’s business either way”, as cited by Reuters.

“This decision does not change the fact that Huawei continues to be treated unfairly either,” the Chinese firm added.

Meanwhile, China’s Foreign Ministry Spokesman Geng Shuang reiterated on Tuesday that it hopes Chinese companies will be treated fairly.

Geng noted: “We urge the U.S. to stop abusing export controls to discriminate against the firms of another country in the name of national security, and to stop politicizing a trade problem.”

Despite the lingering US-China trade deal uncertainty, markets are witnessing a bit of a risk reset, as indicated by a rebound in the Wall Street futures and US Treasury yields that drives USD/JPY back towards 108.80 levels. The European equities are also seen extending the opening gains.

Products You May Like

Articles You May Like

EUR/JPY IG Client Sentiment: Our data shows traders are now net-long EUR/JPY for the first time since Nov 26, 2019 when EUR/JPY traded near 120.24.
Surfing The Waves With Gregor Horvat
US Nonfarm Payrolls Preview
GBP/USD Technical Analysis: 10-day SMA offers nearby support inside multi-week-old triangle
Buy a Monet instead of a Treasury? Art has shown long-term returns that rival bonds

Leave a Reply

Your email address will not be published. Required fields are marked *