ZTE back in business for now but shares tank by 42%

A humbled and diminished ZTE has resumed trading after making extensive concessions to the US, but investors almost halved its market value.
ZTE stock resumed trading on the Hong Kong exchange following US President Trump’s intervention to overturn the US export ban imposed on it earlier this year, prompting ZTE to throw in the towel a month ago. But a combination of taking a month off, some pretty severe further sanctions from the US and enduring concerns that it’s not out of the wo