Battered and bruised ZTE takes another 10% hit

Shares in ZTE have continued to tumble, with another 10% being wiped off share price on Friday, while the threat of a trade war lurks in the background.
Even meeting US demands of hiring a new board, new nominees were announced earlier in the week, and the announcement the team would be applying for a $10.7 credit line from Bank of China and China Development Bank can do little to stem the flurry of heavy-hitting punches. The share price decline is of course a significant worry, though Nomura be