ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Huawei crackdown

Huawei's Asian suppliers take a beating in stock market rout

Share prices fall as much as 27% following a US-imposed export ban

While 36% of Huawei's key suppliers are based in the U.S., roughly 60% hail from Asia.   © Reuters

HONG KONG/GUANGZHOU -- Asian suppliers for Huawei Technologies have suffered heavy losses in their share prices since the U.S. announced a virtual export ban against the Chinese telecom manufacturer two weeks ago.

Q Technology, a Chinese company that makes camera components for Huawei phones, has fallen more than 50% on the Hong Kong exchange from a recent year-to-date high. When reporters asked Chairman He Ningning last week about the business outlook, he struggled to put the best spin on the situation.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more