Thursday, December 06, 2018

Global Stocks Plunge, Suggesting a Grim Day on Wall Street | NYT

Also see Arrest Shakes Huawei as Global Skepticism of Its Business Grows | NYT
"Global stock markets fell sharply on Thursday and Wall Street was poised for another sell-off after cautious hopes for a lasting trade truce between the United States and China were jolted anew by the arrest of a prominent Chinese technology executive.

Investors’ anxiety over the fragile peace between the world’s two largest economies mounted after the chief financial officer of Huawei, Meng Wanzhou, was arrested in Canada at the request of the United States.

Ms. Meng was arrested in Vancouver on Saturday, the same night that President Trump and President Xi Jinping of China dined together in Buenos Aires and agreed to a 90-day pause in their  countries’ trade war. The move was expected to renew tensions."
Global Stocks Plunge, Suggesting a Grim Day on Wall Street | NYT

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