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China's ZTE says assessing implications of U.S. decision

FILE PHOTO: Visitors pass in front of the Chinese telecoms equipment group ZTE Corp booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez

HONG KONG (Reuters) - China's ZTE Corp <0763.HK> <0000063.SZ> said on Tuesday it was assessing the implications of a U.S. decision to ban American companies from selling components to the Chinese telecom equipment maker.

The U.S. Department of Commerce has banned American companies from selling components to ZTE for seven years after breaking an agreement reached after it was caught illegally shipping goods to Iran.

The Hong Kong-listed shares of ZTE were suspended on Tuesday.

(Reporting by Sijia Jiang; Writing by Anne Marie Roantree)