Huawei suppliers' stock rises as Trump eases ban

Shares of suppliers of Huawei Technologies Co surged on Monday after US President Donald Trump said he agreed to allow the Chinese tech giant to resume purchases of some components and software from the United States.

But the decision to loosen restrictions on Huawei received a mixed response from analysts. Many warned that the world's largest telecom equipment maker needs to remain vigilant and keep investing in core technologies.

DBG Holdings Ltd, an electronics manufacturing service provider for Huawei, soared by the daily limit of 10 percent in Shenzhen, Guangdong province. Largan Precision, which supplies smartphone components to Huawei, also surged by the 10 percent daily limit in Taipei.