Markets slide after arrest of the Huawei executive Meng Wanzhou

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  • United States
  • Economics
  • Canada
  • Asia
  • China
The arrest in Canada of Meng Wanzhou, executive board director of Huawei, the Chinese technology giant, has sparked a sharp fall in global stock markets The arrest in Canada of Meng Wanzhou, executive board director of Huawei, the Chinese technology giant, has sparked a sharp fall in global stock marketsReuters/Alexander Bibik

Global stock markets fell sharply today as the arrest of a senior Chinese technology executive shattered fragileinvestor confidence that President Trump and Beijing could end their trade war.

Wall Street opened sharply lower this morning following on from Tuesday’s selloff. New York markets were closed on Wednesday for the state funeral of President George HW Bush.

The latest bout of stock market jitters was prompted by news that Meng Wanzhou, executive board director and chief financial officer at Huawei, the Chinese technology giant, has been arrested in Canada as part of an American investigation into alleged violation of sanctions against Iran. The arrest reignited tensions between the US and China days after President Trump and President Xi Jinping made moves to resolve the row over…

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  • United States
  • Economics
  • Canada
  • Asia
  • China