Huawei Technologies says has no plans to buy Nokia

The story on the FT website on Tuesday had quoted the head of Huawei’s consumer business,Richard Yu,as saying: “We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded.”

Nokia declined comment.

Nokia’s U.S. shares closed up 17 cents or more than 4 percent at $3.86 on the New York Stock Exchange. The stock had risen as high as $4.12 after the report.