Chinese stocks plummet as Huawei CFO arrest raises trade fears

Chinese stocks plummet as Huawei CFO arrest raises trade fears

6 years ago
Anonymous $L9wC17otzH

https://techcrunch.com/2018/12/05/stocks-plummet-as-huawei-arrest-sparks-trade-fears/

A string of Chinese stocks fell hard on Thursday after the arrest of Huawei’s chief financial officer Meng Wanzhou in Vancouver deepened concerns over US-China trade tensions.

The Hang Seng China Enterprises Index of Chinese companies listed in Hong Kong was off 2.76 percent as of 12:40 p.m. On the Mainland side, the CSI 300 index of the top 300 stocks trading in Shanghai and Shenzhen fell 2.1 percent. The US stock market is closed Wednesday to honor former US President George H.W. Bush.

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