HONG KONG—Shares of ZTE Corp. plunged on their first day of trading since the stock was suspended nearly two months ago, reflecting investor unease about the future of the Chinese telecommunications giant following devastating U.S. sanctions.
Shares in Hong Kong tumbled 42% to close at 14.96 Hong Kong dollars, or about $1.91, while the company’s Shenzhen-listed shares fell 10%, hitting their daily limit. In all, the declines wiped out $2.7 billion of market value, according to FactSet.
...