LITE - Cisco likely to appear on potential Chinese blacklist of U.S. firms - WSJ

Cisco Systems (CSCO -2.1%) may be on a Chinese blacklist of American entities that Beijing officials are hastily drawing up, according to The Wall Street Journal. Some Chinese leaders are hesitating on pulling the trigger and arguing a decision on the list should wait until after the U.S. election. But that points to struggles in China over how to respond to contentious action from the Trump administration. China had first announced a plan to create a blacklist in May 2019, as restrictions against China's Huawei started to heat up. But it's resisted action up until now, even as the Trump administration has intensified pressure against companies like TikTok/ByteDance (BDNCE) and Tencent (TCEHY). Of all the blacklists that Chinese ministries have been asked to draft, Cisco - a key Huawei rival - has made each one, the WSJ says. Suddenly moving lower off the news: Acacia Communications (ACIA), -1%. Fabrinet (FN)

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Cisco likely to appear on potential Chinese blacklist of U.S. firms - WSJ