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

6 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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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

6 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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Stocks slump on China exec arrest, trade truce fears

Stocks slump on China exec arrest, trade truce fears

6 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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