Here's why the arrest of a Huawei executive is ripping the stock market [CNBC]
Wells Fargo & Company (WFC)
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Source: CNBC
Alexander Bibik | Reuters Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum Russia Calling! in Moscow, Russia October 2, 2014. The arrest of a high-profile Chinese telecom executive at the behest of the U.S. government sent fear into financial markets that it could complicate talks between the U.S. and China, reigniting trade wars and wreaking damage on the global economy. Canadian officials arrested Huawei Technologies CFO Meng Wanzhou, the daughter of Ren Zhengfei, founder of the Chinese telecoms group, in Vancouver, on Saturday. Meng, also a deputy chairwoman of Huawei, faces extradition to the U.S. for alleged violations of sanctions on Iran. The arrest took place the same day U.S. President Donald Trump and China President Xi Jinping met in Buenos Aires and agreed to a trade ceasefire for 90 days while the two sides negotiate. News of the arrest was repor
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