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Asian shares skid as Huawei CFO arrest revives trade jitters
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Tokyo, Dec. 6 -- 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. Shares also fell in Taiwan and all other regional markets.
HUAWEI: The news of Huawei CFO Meng Wanzhou's arrest sent shares sharply lower. Share prices rallied early in the week following President Donald Trump's agreement with his Chinese co...
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