ZTE ban reversal in the U.S. causes stock to surge upwards
Investors are ready to bet on ZTE once again following a surge in the company’s shares after the reversal of its ban from the US market.
Chinese telecoms giant ZTE has faced a tough few months. The company was banned from the US market with the administration citing the company violated export restrictions to North Korea and Iran.
Following the ban, ZTE was forced to suspend its operations which the company estimates cost it $3 billion. The...