Huawei CFO arrest for US sanction violations plunges shares
Asian shares have plunged following the arrest of Huawei’s CFO in Canada for the alleged violation of US sanctions against Iran.
Those hoping the G20 summit would ease trade tensions between the US and China had them dashed by the news. Traders hoped the ceasefire announced by President Trump after meeting his Chinese counterpart at the G20 summit would lead to more stability.
Huawei CFO Meng Wanzhou was arrested by Canadian authorities in Vancouver and is currently facing extradition to the US. The...