KUALA LUMPUR: Key technology stocks weighed on the Bursa Malaysia technology index in early trade Tuesday following the US government’s move against Huawei Technologies Co. The US has placed Huawei to a trade blacklist last week and several companies have suspended business with the Chinese company. Tech players such as Malaysian Pacific Industries Bhd (MPI), Inari Amertron Bhd , Globetronics Technology Bhd , Vitrox Corp Bhd and Pentamaster Corp Bhd , saw their share prices impacted. MPI shed 1.89%, or 18 sen to RM9.32, Pentamaster fell 3.69%, or 16 sen to RM4.18 and Inari declined 4%, or six sen to RM1.44. Globetronics fell 2.37%, or four sen to RM1.65 and Vitrox 0.99%, or seven sen to RM7.01.

Source: The Star May 21, 2019 02:37 UTC