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Global Markets: Shares spiral on arrest of China executive; oil sinks as output decision delayed

Reuters  |  NEW YORK 

By Laila KearneyNEW YORK (Reuters) - Stock markets around world tumbled on Thursday as the arrest of a top Chinese technology executive cast further shadows on U.S.-China trade relations, while oil prices sank on fears of smaller-than-expected output cuts. The arrest of smartphone maker Huawei Technologies Co.'s Chief Financial Officer Meng Wanzhouof in Canada for extradition to the United States came as Washington and Beijing prepared for key talks aimed at resolving a bitter trade spat. The Dow Jones Industrial Average fell 679.46 points, or 2.71 percent, to 24,347.61, the S&P 500 lost ...

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First Published: Thu, December 06 2018. 22:22 IST