Chinese: Countries Ministry and Purchases

chinese: The losses came after the United States moved forward with a ban that restricts federal purchases from five Chinese tech companies, including Huawei and ZTE, in an escalating confrontation between the two countries, according to CNN. China's Ministry of Foreign Affairs slammed the decision on Thursday, calling it discriminatory and unfair and vowing to take all necessary steps to protect legitimate interests of Chinese companies. ZTE ZTCOF led the way with a nearly 8% drop. Fears have escalated and investors worry the trade confrontations are getting increasingly worse, said Mark Huang, an analyst at Bright Smart Securities in Hong Kong. Read More China's Shanghai Composite Index SHCOMP erased earlier gains and dropped 0.7%. Hong Kong's Hang Seng Index HSI fell 0.7%. But other Asian markets rose slightly, continuing to recover their losses from earlier this week. Also weighing on tech shares was a report from Bloomberg that said the White House plans to delay a decision on granting licenses that would allow US companies to continue selling some technology to Huawei. (news.financializer.com). As reported in the news.