Trade movement in Hong Kong: ZTE, Xiaomi

|By:, SA News Editor

ZTE (OTCPK:ZTCOY) climbed as much as 17% after the U.S. formally lifted a ban on its American technology purchases, resolves a months-long moratorium on the Chinese telecom equipment maker.

Meanwhile, shares in smartphone maker Xiaomi fell by almost a tenth after mainland Chinese investors were barred from buying into Hong Kong-listed companies that issue dual-class shares.

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