Page 38 - குறைக்கடத்தி உற்பத்தி சர்வதேச கார்ப் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shares of the consumer electronics maker surged as much as 12% on Monday, the biggest intraday gain in almost a month. Under the Trump administration, the Defense Department placed Xiaomi on a list of companies with alleged links to the Chinese military, triggering financial restrictions that were set to go into effect next week. U.S. District Judge Rudolph Contreras on Friday put a temporary halt to the ban, siding with Xiaomi in a lawsuit that argued that the move was “arbitrary and capricious” and deprived the company of its due process rights. Contreras said Xiaomi was likely to win a full reversal of the ban as the litigation unfolds and issued an initial injunction to prevent the company from suffering “irreparable harm.” After the ban was announced, the smartphone manufacturer faced the prospect of being de-listed from U.S. exchanges and deleted from global benchmark indexes, wiping out as much as $44 billion from its market value.

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