Market Update: Huawei CFO to Appear in Canada Court

The CFO of Huawei is set to appear in a Vancouver court on Friday for a bail hearing as she awaits possible extradition to the United States

Written by: Arslan Butt • Friday, December 7, 2018 • 1 min read

• Last updated: Friday, December 7, 2018

Global stock markets continue to trade bearish ever since Canada arrested top executive of China’s Huawei Technologies.

What’s the development?

Meng Wanzhou, the CFO of Huawei, is set to appear in a Vancouver court on Friday for a bail hearing as she awaits possible extradition to the United States. The SPX, NKY, and DAX are likely to trade bearish over the uncertainty.

S&P 500 2,695.95, down -0.15%
Nasdaq 100 6,838.85, up +0.64%
Dow 30 24,947.67, down -0.32%
FTSE 100 6,704.05, down -3.15%

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ABOUT THE AUTHOR See More

Arslan Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.