Markets slide as Panasonic joins list of firms walking away from Huawei

Panasonic joins Google, Intel and Qualcomm following US ban in what is beginning to shape up as a tech cold war

Panasonic has joined the growing list of companies to sever ties with Huawei by announcing that it will stop supplying some components to the Chinese technology conglomerate after a US ban over security concerns.

The decision by the Japanese firm on Thursday sent Asia Pacific shares falling again and came a day after four major Japanese and British mobile carriers said they would delay releasing new Huawei handsets.