, Columnist
Severing ZTE's Head Leaves the U.S. Battling a Hydra
This could turn into a Greek tragedy.
We’re not likely to see a rise in mid-week golfing from this.
Photographer: Gilles Sabrie/Bloomberg
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Penalties meted out by the U.S. on ZTE Corp. were meant to punish the company for breaking trade sanctions.
They certainly hurt its shareholders. Stock in the Chinese telecoms equipment maker plunged as much as 41.5 percent to the lowest in a year Wednesday in Hong Kong, as trading resumed after being suspended since mid-April.