Market sentiment weak as analysts warn of Android ban hurting Huawei

Market sentiment weak as analysts warn of Android ban hurting Huawei

Market sentiment weak as analysts warn of Android ban hurting Huawei

Written by Reuters

21 May, 2019 | 5:10 pm

Reuters: Analysts warned on Tuesday (May 21) that the U.S. tech giant Google suspending its business with Huawei, threatening future access to Gmail, YouTube and Chrome, will hurt Huawei and affect market sentiment.

Stocks markets gained on Tuesday, with chipmakers and stocks exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei.

The U.S. Commerce Department had blocked Huawei from buying U.S. goods last week, saying the firm was involved in activities contrary to national security.

China said on Tuesday that according to current policy there is no plan to change how it treats foreign companies because of the restrictions placed on Huawei by the U.S. government and U.S. company Google.

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]