Xiaomi shares climbed by more than a 10th after a US court granted the Chinese smartphone maker a reprieve from Trump-imposed restrictions on American investment.
Shares in the company, which has overtaken Apple as the world’s third-biggest smartphone maker, rose as much as 12 per cent in Hong Kong on Monday.
US district judge Rudolph Contreras on Friday granted a temporary halt to the trading ban. He said the US case against Xiaomi was “deeply flawed” and that the smartphone maker would probably succeed in its lawsuit to remove its designation as a Chinese military-linked company.
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