Trade war: Huawei suppliers shrug off US push to impede sales to allies

Trade tensions between the US and China have been a headwind for China-exposed technology companies throughout 2018

Stocks with notable revenue exposure to China’s Huawei Technologies Co. showed little effect from a report that the Trump administration was urging key allies to avoid using the company’s equipment.

NeoPhotonics Corp., which according to Bloomberg supply-chain data derives 47 percent of its revenue from the Chinese telecommunications equipment maker, gained 0.3 percent in the holiday-shortened session that saw major indexes retreat. Inphi Corp., which gets about 14 percent of its revenue from Huawei, rose 1.7 percent, while Oclaro Inc., which has 11 percent revenue exposure, was higher by nearly 3 percent.

Analysts describing the push by the Trump administration