ZTE Corp. climbed as much as 15 percent after the U.S. formally lifted a ban on its American technology purchases, allowing the Chinese telecoms gear-maker to resume business.
The company’s shares marked a month’s high in Hong Kong and rose by their 10 percent daily limit in Shenzhen. Washington’s decision resolves a months-long moratorium that thrust ZTE into the center of a U.S.-China trade dispute and threatened to choke off the components it needs to make its networking gear and smartphones.
