Nomura downgrades China's ZTE, cites slowdown in demand and tech war risks
October 29, 2019 at 00:20 AM EDT
Japanese bank Nomura downgraded Chinese telecommunications firm ZTE on Tuesday, saying there would be a temporary slowdown in demand with the shift to 5G equipment not fully picking up. It also warned of a risk of escalation in the conflict between the U.S. and China in the tech sector.
