The UK has warned its telecoms companies to consider their suppliers carefully as they build 5G networks, in a move that industry figures said was targeted at Huawei, the Chinese equipment maker.

Matthew Gould, the head of digital policy at the Department for Digital, Culture, Media and Sport and Ciaran Martin, the head of the National Cyber Security Centre, wrote to several telecoms companies warning them that their 5G supply chain may be affected by a review of the UK’s telecoms infrastructure that was launched in July. 

The letter, which did not mention Huawei by name, said the review aimed to ensure that Britain’s “critical national infrastructure remains resilient and secure”.

Asia-Pacific equities were mixed on Tuesday while the dollar and Treasuries were in a holding pattern ahead of US midterm elections. Japan’s Topix was up 1.2 per cent and the S&P/ASX 200 gained 1 per cent in Australia. Hong Kong’s Hang Seng was down 0.2 per cent and the CSI 300 in mainland China fell 1.3 per cent. 

Earnings and updates for Tuesday include Associated British Foods, Purple Bricks, Imperial Brands, Direct Line, Morrisons, Randgold, William Hill, Weir Group, Hugo Boss and Zalando. The economic calendar is less packed (all times Hong Kong):

  • 08.50: France services purchasing managers’ index
  • 08.55: Germany services PMI
  • 09.00: eurozone services PMI
  • 10.00: eurozone producer prices

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