The American stock exchange collapsed after the arrest of the CFO of Huawei

Американские биржи рухнули после ареста финдиректора Huawei

The us Dow Jones industrial average on Wednesday to 11:40 (18:40 CET) crashed on 671 points, or 2.74% to reach 24341. The S&P 500 index, which includes shares of the 500 largest companies in the US market, also declined by 2.48%, or 66 points, to 2634, and the index e of the NASDAQ fell by 134 points, or 1.85%, to 7026.

As noted by CNN, the market participants fear the consequences of the arrest of Finance Director of Chinese telecommunication company Huawei Meng Wanzhou, who was arrested in Canada and extradited the United States in connection with charges of violating sanctions on Iran. This arrest gave rise to many doubts about that in trade disputes in the US and China a possible truce, it was noted in the report.

“It seems that things got out of control – gave the newspaper the Wall Street Journal the opinion of the trader from the company R. W. Baird & Co Michael Antonelli. Clients are showing extreme nervousness”. “The market was already difficult situation, and the arrest did not contribute to its mitigation, – noted in turn the senior expert on monetary operations in Barka BNY Mellon Neil Mellor. – There was a setback and we question whether any agreement in circumstances when the stakes are so high”.

According to Western media, Meng Wanzhou, arrested on US request for extradition in connection with charges of violating us trade sanctions against Iran. In Huawei confirmed the fact of detention the man and Wanzhou what the United States seeks to extradite her. The company said that it has no information about any illegal actions of man Wanzhou.