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Stock impact report

BUZZ-LG Uplus shares fall after report US lobbying S.Korea to ban Huawei [Reuters]

SK Telecom Co., Ltd. (SKM) 
Company Research Source: Reuters
BUZZ-LG Uplus shares fall after report US lobbying S.Korea to ban Huawei - Reuters 1 Min Read SEOUL, May 23 (Reuters) - ** Shares of LG Uplus Corp fall more than 5% on media report that said the U.S. government is lobbying South Korea not to use Huawei Technologies Co Ltd products, amid a wider push by Washington to get its allies to reject the Chinese tech firm’s goods ** Among South Korea’s three operators, SK Telecom and KT Corp do not use Huawei equipment for 5G, but smaller carrier LG Uplus uses Huawei gear ** Shares hit the lowest price in 10 months ** Several U.S. companies have moved to suspend business with Huawei, after Washington added the Chinese firm to a trade blacklist last week ** The broader KOSPI market was trading down 0.9% as of 0124GMT Reporting by Heekyong Yang All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. BUZZ-LG Uplus shares fall after report US lobbying S.Korea t Show less Read more
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