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Investors wipe $3 billion off China's ZTE market value after U.S. settlement

reuters.com
Investors wipe $3 billion off China's ZTE market value after U.S. settlement

Chinese telecommunications giant ZTE Corp (0763.HK) (000063.SZ) had about $3 billion wiped off its market value as it resumed trade on Wednesday after agreeing to pay up to $1.4 billion in penalties to the U.S. government. China's No. 2 telecommunications equipment maker was crippled when a seven-year