Market Update: Huawei CFO to Appear in Canada Court - Forex News by FX Leaders

Market Update: Huawei CFO to Appear in Canada Court

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

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

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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