US Stocks Fall Sharply After CFO Of Huawei Arrested In Canada
According to Reuters, US stocks fell sharply after the arrest of an executive from a top Chinese technology firm.
The chief financial officer of Huawei Technologies was arrested in Canada and faces extradition to the United States.
For investors, the arrest signaled the end of enthusiasm over a trade truce reached by United States and China during the G20 summit.
When the markets opened on Dec.
6th, bedlam struck the New York Stock Exchange.
The Dow Jones Industrial Average lost about 458-points on the day, falling to 24,568.
The Nasdaq Composite dropped about 53-points, while the S&P 500 lost about 39-points.