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Global Stocks Slump as Huawei CFO Arrest Tests Uneasy U.S.-China Trade Truce

Martin Baccardax

Global stocks slide as investors worry the arrest of a key China business executive will unravel the recently-agreed trade truce between Washington & Beijing. European stocks fall more than 2.2%, the most since the July 2016 Brexit vote, to a two year low as investors eye bond market developments alongside U.S.-China trade tensions. Oil drifts lower on demand concerns ahead of OPEC meeting in Vienna where production cuts of as much as 1.3 million barrels per day are expected to be announced.