• Stock market slide accelerates as Huawei arrest creates fear backlash will slam trade, global economy

    9 days ago - By CNBC

    The arrest of a high-profile Chinese telecom executive at the behest of the U.S. government sent fear into financial markets that it could complicate talks between the U.S. and China, reigniting trade wars and wreaking damage on the global economy.
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  • Stocks plunge again as Huawei arrest renews China tensions

    9 days ago - By Review Journal

    U.S. stocks tumbled again Thursday, knocking 600 points off the Dow Jones Industrial Average and putting the benchmark S&P 500 on track for its worst week since March.
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  • 5 things to know about the arrest of Meng Wanzhou, Huawei's CFO

    9 days ago - By Fast Company

    Meng Wanzhou was arrested while changing planes in Vancouver.
    Meng Wanzhou, the chief financial officer of China's Huawei , was arrested in Vancouver, and there are plans to extradite her to the U.S. Huawei recently passed Apple to become the second-biggest smartphone maker in the world, after Samsung, and is one of China's largest telecommunications equipment and services providers. The detention of Meng is not being well received in some business circles-particularly now.
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  • Chinese tech stocks slide following 'clear signal' the trade war is escalating

    Chinese tech stocks slide following 'clear signal' the trade war is escalating

    9 days ago - By Business Insider

    News emerged Wednesday that Meng Wanzhou, the CFO of the Chinese tech giant Huawei, was arrested in Canada on Saturday.
    Beijing on Thursday demanded the US and China " clarify the reason for the detention" and immediately release the detainee.
    The December 1 arrest is a "clear signal that the trade war is escalating to a new level," said Zhiwei Zhang, Chief China Economist at Deutsche Bank Research.
    A handful of Chinese tech stocks were underperforming the broader market.
    Chinese tech stocks were sliding Thursday after news emerged that Meng Wanzhou, the CFO of the Chinese smartphone giant...
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  • Dow drops 700 points, bringing its 2-day losses to 1,500 points

    9 days ago - By ETF Daily News

    From Christine Wang, Fred Imbert, & Eustance Huang : Stocks fell sharply on Thursday as continuing fears over U.S.-China trade relations and concern over a possible global economic slowdown kept investors on edge.
    The Dow Jones Industrial Average dropped 570 points, bringing its two-day losses to more than 1,300 points as Apple shares fell. The S&P 500 fell 2 percent, led by a decline in bank shares like J.P. Morgan Chase, while the Nasdaq Composite also dropped 1.4 percent. The S&P 500 fell back into correction territory, down 10 percent from its 52-week high.
    “There's concern that the...
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  • European stocks just had their worst day since the UK voted for Brexit as Huawei CFO's arrest rattles investors

    European stocks just had their worst day since the UK voted for Brexit as Huawei CFO's arrest rattles investors

    9 days ago - By Business Insider

    Euro Stoxx 600 index dropped 3.3% amid a global stock-market rout that followed the arrest of the CFO of the Chinese tech giant Huawei.
    Thursday's 3.3% loss was its biggest daily fall since June 24, 2016, the day after the UK voted to leave the European Union.
    It's close was the lowest since November 2016.
    Elsewhere, US stocks plummeted. The Dow Jones Industrial Average shed 2.87%, or about 715 points.
    Follow the latest stock movements at Markets Insider.
    A closely watched benchmark for European stocks just endured its worst session in over two years Thursday, plunging as part of a global...
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  • Markets Right Now: US stocks plunge following Huawei arrest

    9 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    11:45 a.m.
    Stocks are plunging again as the arrest of a senior Chinese technology executive threatened to worsen trade tensions between Beijing and Washington.
    A steep drop in Boeing, which would suffer in an extended trade battle, helped drag the Dow Jones Industrial Average down more than 600 points Thursday.
    Traders shoveled money into bonds, a signal they see weakness in the economy ahead.
    The price of oil fell 3.8 percent as OPEC leaders gathered to discuss production cuts, which traders suspect may not reverse a plunge in...
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  • US stocks tumble on US-China trade jitters, oil price slide

    9 days ago - By Chron

    U.S. stocks tumbled in early trading Thursday following a sell-off in overseas markets, knocking more than 450 points off the Dow Jones Industrials Average.
    The broad market decline came as the arrest of a senior Chinese technology executive overshadowed some positive comments on trade from Beijing, threatening to worsen trade tensions between the U.S. and China.
    Oil prices fell sharply as traders appeared to doubt that an expected production cut by OPEC will be enough to boost the price of crude.
    Traders continued to shovel money into bonds, a signal that they see weakness in the economy...
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  • Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

    Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions

    9 days ago - By NPR

    Canadian authorities have arrested Meng Wanzhou, the company's CFO and daughter of its founder, at the request of the U.S. And Chinese officials have made quite clear they're not happy about it. (Image credit: Lluis Gene/AFP/Getty Images)
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  • Stock Selloff Continues Amid Worries Over U.S.-China Tensions

    Stock Selloff Continues Amid Worries Over U.S.-China Tensions

    9 days ago - By NPR

    U.S. stock markets plunged again Thursday after a Chinese technology executive was arrested in Canada, escalating U.S.-China tensions. The Dow's dive followed a fall of 799 points Tuesday.
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  • Stocks slump on China exec arrest, trade truce fears

    9 days ago - By Reuters

    Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers. David Pollard reports.
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  • China fears, lower oil erase 2018 gains for S&P, Dow

    9 days ago - By Reuters

    U.S. stocks tumbled on Thursday, erasing this year's slim gains in the S&P 500 and the Dow Jones Industrial Average, as the arrest of a top Huawei executive sparked fears of a flare-up in Sino-U.S. tensions, while weak oil prices added more pressure.
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  • Stocks plummet as arrest of Huawei executive brings US-China relations into question

    9 days ago - By RT

    The Dow Jones fell 505 points on Thursday, as news broke of Huawei CFO Meng Wanzhou's arrest and planned extradition to the US. The drop brings the Dow's 2-day losses to over 1,300 points.
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