HomeTop StoriesStocks Hit Session Lows On Report FCC Might Block China Mobile From US
May 9, 2019
Stocks Hit Session Lows On Report FCC Might Block China Mobile From US
The last thing the market needed this week was another wrench in the works of the US-China trade talks, which were already on the brink of collapse. But that’s exactly what they got when, at around 11 am ET on Thursday, the news broke that the FCC has the votes to block China Mobile from entering the US market.
Beijing won’t like that, as it now seems the Trump administration’s war against Huawei has expanded to the entire Chinese telecoms sector.
Though, to be sure, the FCC is reportedly still weighing its final decision.
FCC HAS VOTES TO BAR CHINA MOBILE FROM U.S. MARKET
FCC CONSIDERING REJECTION OF CHINA MOBILE APPLICATION
Stocks are nearing LoD on the news.
We feel this tweet adequately captures the spirit of this news.