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Global Markets: Stocks slump on China exec arrest, oil spills into OPEC

Reuters  |  LONDON 

By Marc JonesLONDON (Reuters) - Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers.The arrest of Huawei's chief financial officer, Meng Wanzhouof, who is also the daughter of the company's founder, came just as Washington and Beijing prepared for crucial trade negotiations.Asian markets took a beating. Huawei is not listed, but China's second-largest telecom equipment maker, ZTE Corp, sank 9 percent in Hong ...

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First Published: Thu, December 06 2018. 18:29 IST