British intelligence has concluded that it is possible to mitigate the risk from using Huawei equipment in 5G networks, in a serious blow to US efforts to persuade allies to ban the Chinese supplier from high-speed telecommunications systems. 

The UK National Cyber Security Centre has determined that there are ways to limit the risks from using Huawei in future 5G ultra-fast networks, two people familiar with the conclusion, which has not been made public, told the Financial Times. 

The finding comes despite stepped-up US efforts to persuade countries to bar Huawei from their networks on the basis that it could help China conduct espionage or cyber sabotage. 

Optimism over US-China trade talks set to continue this week in Washington and rising oil prices helped propel Asia-Pacific stocks higher on Monday. China’s CSI 300 was up 3.1 per cent, putting the index on track for its best day since early November. Hong Kong’s Hang Seng gained 1.7 per cent while in Japan the Topix index rose 1.6 per cent.

Meanwhile, futures tip the FTSE 100 to open 0.1 per cent higher.

It is a slow start to the week with earnings from Reckitt Benckiser and no major items on the economic calendar.

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