US STOCKS-Wall St set for gains as U.S.-China trade tensions ease [Reuters]
ACACIA COMMUNICATIONS (ACIA)
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Source: Reuters
Wall Street set for gains as U.S.-China trade tensions ease | Reuters 3 Min Read (Reuters) - Wall Street was set to open higher on Monday on signs of easing U.S.-China trade tensions after President Donald Trump softened his stance on ZTE Corp, pledging to help the Chinese technology company “get back into business, fast”. Trump’s comments on Sunday came ahead of trade talks between Chinese Vice Premier Liu He and U.S. officials this week as they seek to resolve trade disputes. The U.S. Commerce Department last month banned American companies from selling to the Chinese tech company ( 000063.SZ ) for violating an agreement. Trump’s unexpected announcement helped drive big gains in 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 between 8.75 percent and 5 percent. Also helping the mood was news that China had resumed its review of chipmaker Qualcomm’s (
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