Global Times editor Hu Xijin, who is perceived to have close ties to the Chinese government, said China may retaliate if the U.S. prevents microchip shipments to Huawei. "Based on what I know, if the US further blocks key technology supply to Huawei, China will activate the "unreliable entity list", restrict or investigate US companies such as Qualcomm (QCOM), Cisco (CSCO) and Apple (AAPL), and suspend the purchase of Boeing (BA) airplanes," he said over Twitter ( ). Futures on the Dow Jones Industrial Average were recently down 176 points after having been higher in the morning. Reuters reported earlier that the U.S. was moving to block chip sales to Huawei.
-Steve Goldstein; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 15, 2020 07:22 ET (11:22 GMT)
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