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Stock impact report

UPDATE 1-Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries [Reuters]

KDDI CORP UNSP/ADR (KDDIY) 
NASDAQ:AMEX Investor Relations: kddi.com/english/corporate/ir
Company Research Source: Reuters
Huawei unwanted: Asian shops shun phone trade-ins on Google suspension worries - Reuters 4 Min Read SINGAPORE/MANILA (Reuters) - Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services. Google has said it will comply with an order by U.S. President Donald Trump to stop supplying Huawei, meaning current owners of Huawei phones face being cut off from updates of the Android operating system from late August. New phones will lose access to popular apps such as YouTube and Chrome. Against this backdrop, some customers in Singapore and the Philippines have rushed to sell their Huawei phones, according to retailers and online marketplace data. But there are few takers. “If we buy something that is useless, how are we going to sell it?,” said Dylan On, a salesman at Wanying Pte Ltd, a Singapore retail and repair shop. “It Show less Read more
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