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Home / Business / US equity futures fall, Asia follows after Huawei has arrested Huawei CFO By Reuters

US equity futures fall, Asia follows after Huawei has arrested Huawei CFO By Reuters




© Reuters. FILE PHOTO: Traders Working at the New York Stock Exchange (NYSE) in New York

By Hideyuki Sano

TOKYO (Reuters) – US stock prices fell on Thursday, and Asian markets followed suit after the Canadian authorities closed Top executives of Chinese tech giant Huawei have been arrested for technologies that will ease fears of further tensions between China and the United States.

S & P500 e-mini-futures () fell in Asian morning trading by just under two percent and had recently fallen by 0.7 percent.

The Canadian Justice Department said Meng Wanzhou, deputy chairman of Huawei, was arrested earlier this month and requested to be extradited by the United States.

The arrest intensified the feeling of a major collision between the two largest economic powers in the world, not just tariffs, but also technological hegemony.

It also came as a reversal of the US yield curve triggered investor concerns in the US potential recession in the US.

The Japanese Nikkei () fell 0.8 percent, while the benchmark indices in South Korea () and Australia () fell 0.6 percent and 0.2 percent, respectively.

Currencies were more stable, major currencies barely changed

The Euro was trading at $ 1

,1347 (), while the Dollar was down 0.1% to 113.01 against the yen . The yuan is also unmoving in offshore trading at 6.8660.

US. Treasuries Futures were also virtually unchanged.

The ten-year yield () of the Treasury () benchmark fell to mid-September on Tuesday, while the five-year yield fell below the two-year rate of return. so-called inversion of the yield curve.

With an inverted curve often preceded by a recession, investors were startled by it.

US. The markets were closed on Wednesday to mark the death of former President George H.W. Bush.

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