China’s ZTE says assessing implications of US decision

HONG KONG — China’s ZTE Corp. said on Tuesday it was assessing the implications of a US decision to ban American companies from selling components to the Chinese telecom equipment maker.

The US Department of Commerce has banned American companies from selling components to ZTE for seven years after breaking an agreement reached after it was caught illegally shipping goods to Iran.

The Hong Kong-listed shares of ZTE were suspended on Tuesday. —Reuters