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World stocks down on China exec arrest


  • Markets
  • Friday, 7 Dec 2018

Trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2018.

Trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2018.

NEW YORK: Stock markets around the world sank on Thursday as the arrest of a top Chinese technology executive threatened to strain an already brittle U.S.-China trade relationship, while oil prices fell after OPEC delayed an output decision.

The arrest of smartphone maker Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou in Canada for extradition to the United States came as Washington and Beijing prepared for talks aimed at resolving a bitter trade spat.

Markets , Corporate News

   

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