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Technology Shares Fall - Tech Roundup

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06/14/2018 | 02:18am CEST

Shares of technology companies slipped. The White House will oppose a legislative measure that would undo a deal to revive Chinese company ZTE Corp., a senior White House official said. The Republican-controlled Senate is preparing to vote this week on a National Defense Authorization Act bill that typically clears with wide support. Earlier this week, the Senate tucked into the measure language that dealt a rebuke to President Donald Trump, and the White House will now move to get that language taken out. ZTE shares plunged on their first day of trading since the stock was suspended nearly two months ago, reflecting investor unease about the future of the Chinese telecommunications giant following devastating U.S. sanctions. Toshiba plans to buy back shares worth about $6.3 billion, appealing to foreign shareholders who took a big stake last year.(amy.pessetto@wsj.com)

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