US STOCKS-Wall St climbs on easing U.S.-China trade tensions [Reuters]
ACACIA COMMUNICATIONS (ACIA)
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Source: Reuters
Wall Street climbs on easing U.S.-China trade tensions | Reuters 4 Min Read (Reuters) - Wall Street indexes rose on Monday, helped by gains in technology stocks after President Donald Trump softened his stance on Chinese technology company ZTE Corp, signaling easing U.S.-China trade tensions. Trump on Sunday pledged to help ZTE ( 000063.SZ ) “get back into business, fast” nearly a month after the U.S. Commerce Department banned American companies from selling to the firm for violating an agreement. Trump’s comments came ahead of trade talks between Chinese Vice Premier Liu He and U.S. officials this week to resolve escalating trade disputes and drove big gains in the shares of U.S. suppliers to ZTE. Optical components maker Acacia Communications ( ACIA.O ) jumped 16.1 percent, while Oclaro ( OCLR.O ) and Lumentum Holdings ( LITE.O ) rose 5.8 percent and 3.6 percent, respectively. “Some of the headlines point to signs that Trump might be watering down his tough talks on trade,”
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