The Shanghai Composite Index fell 0.7 per cent to 2,774.75 on Friday, bringing its losses for the week to 3.3 per cent. Photo: Simon Song

Shanghai stocks post biggest weekly drop in three months as ZTE and telecom makers tumble

  • ZTE and other telecom stocks retreat after US officials reportedly abandon plan to allow US companies to restart business with Huawei
  • China’s consumer prices in July rose at the fastest pace since February 2018, reducing room for policy easing
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The Shanghai Composite Index fell 0.7 per cent to 2,774.75 on Friday, bringing its losses for the week to 3.3 per cent. Photo: Simon Song
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