TOKYO | Asian shares skid as Huawei CFO arrest revives trade jitters

5Dec - by Editor - 0 - In STL.News



TOKYO  — Asian stock prices skidded Thursday following the arrest of a senior official at Chinese telecoms equipment maker Huawei that could derail progress in China-U.S. trade talks.

KEEPING SCORE: Hong Kong’s Hang Seng index tumbled 2.6 percent to 26,117.28 and Japan’s benchmark Nikkei 225 fell 2.1 percent to 21,435.96. Australia’s S&P/ASX 200 lost 0.6 percent to 5,635.60, while South Korea’s Kospi sank 1.3 percent to 2,072.79.

The Shanghai Composite index dropped 1.3 percent to 2,615.82.

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