Huawei CFO Meng arrested in Canada

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    https://news.sky.com/story/shares-plunge-over-huawei-arrest-trade-war-concerns-11572870

    Shares down as Huawei arrest sparks fresh trade war concerns

    Asian stock markets have fallen sharply amid fears the US-China trade war could escalate after the arrest of Meng Wanzhou.


    Financial markets are enduring further turmoil after the arrest of a Chinese Huawei executive on behalf of the US exacerbated fears over the countries' trade war.


    Shares in Asia sank - with the FTSE 100 later following - after news emerged that Canadian authorities had detained the tech firm's chief financial officer Meng Wanzhou in Vancouver, from where she is facing extradition.

    Ms Meng is also the daughter of Ren Zhengfei, the founder of the communications technology company - China's largest technology firm.

    The arrest is believed to be related to alleged violations of US sanctions against Iran though there has been no official statement from Washington.



 
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