Huawei said to be preparing to sue the US government - NYT report

According to a New York Times report, citing two people familiar with the matter, the Chinese electronics giant Huawei is preparing to sue the United States government for banning federal agencies from using the company’s products. The company plans to announce the suit later this week.

The news seemed to have dented risk-sentiment and was evident from an intraday retracement in the European equity markets.