Shares of ZTE were hammered lower in resumed trade-in Hong Kong on Wednesday, while they also retreated a limit-down 10pc in Shenzhen. US officials reached a deal on June 7 to ease sanctions which threatened to cripple the Chinese smartphone maker. Photo: AFP

ZTE shares plunge in Hong Kong and Shenzhen after firm agrees to pay US$1.4 billion fine

ZTE tumbles 42 per cent in Hong Kong while its Shenzhen-traded stock tumbled by the 10 per cent daily limit, with Citic Securities predicting another 28 per cent drop in the mainland-listed shares

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Shares of ZTE were hammered lower in resumed trade-in Hong Kong on Wednesday, while they also retreated a limit-down 10pc in Shenzhen. US officials reached a deal on June 7 to ease sanctions which threatened to cripple the Chinese smartphone maker. Photo: AFP
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