قالب وردپرس درنا توس
Home / Business / Technology stocks recover in Asia after it was announced that Huawei could soon be deferred – at the latest in the Asian market

Technology stocks recover in Asia after it was announced that Huawei could soon be deferred – at the latest in the Asian market



South Korea Kospi ( KOSPI ) increased by 1.2%, Hong Kong Hang Seng ( HSI rose to 1 % and the Shanghai Composite ( SHCOMP ) rose 0.5% .Japanese markets are closed for bank holidays.
Chipmakers were buoyed after US Commerce Wilbur Ross Bloomberg on Sunday announced that licenses for US companies will be "shortly available" at Huawei. "He said his office had received 260 license requests.

This deferral would have a direct impact on American companies that have will no longer be able to supply Huawei, but global supply chains would also pick up as the Chinese technology firm boosts production.

The South Korean chip manufacturer Samsung ( SSNLF ) increased by 1
.8%. SK Hynix gained 2%.

Huawei, the world's largest telecommunications company and a leading smartphone brand, has become a farmer in the larger trade war between the US and China. Ross told Bloomberg that the two sides were making "good progress" to conclude an agreement to resolve the tensions. A preliminary "Phase 1" agreement is expected to be available later this month.


Source link