Investors have grown increasingly bullish on Samsung Electronics ahead of its Tuesday results report, betting that the global memory-chip cycle is near a bottom.
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The US said it would grant licences allowing companies to export goods to Huawei but won’t remove the Chinese firm an export blacklist, as talks between the world’s two biggest economies resumed.
US technology companies have resumed selling certain products to Huawei after concluding there are legal ways to work with the Chinese telecommunications giant in spite of sanctions.
The Trump administration is pulling out the big guns in its push to slow China’s rise, with potentially devastating consequences for the rest of the world.
Donald Trump has ratcheted up his battle with China for dominance of 5G technology networks, moving to curb Huawei’s access to the US market and American suppliers.