The arrest of Huawei’s chief financial officer by Canada at the request of the US rattled markets and saw investors flee technology stocks on Thursday. Now Goldman Sachs has drawn up a list of the company’s key suppliers that shows who is most exposed.
While much anxiety stemmed from what the Meng Wanzhou incident would mean for the tenuous US-China trade détente it also comes against the backdrop of US angst over sanctions breaches and broader concerns among some western governments over the deployment of China-made telecoms equipment in their networks.
These worries were underscored on Friday when it emerged Japan is considering banning government ministries from buying equipment from Huawei and fellow Chinese tech giant ZTE.
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