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Huawei Fall Out Hits Wall Street

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According to Reuters, U.S. stocks slid on Monday as the White House’s restrictions on Chinese telecoms equipment maker Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China.
Several companies have suspended business with the world’s largest telecom equipment maker. Alphabet Inc’s Google has moved to stop providing Huawei with access to its proprietary apps and service.