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Markets tumble as Huawei arrest reignites US-China tension 

Huawei CFO Meng Wanzhou is facing extradition to the US after her arrest in Vancouver

  • Global stocks nose-dive after the arrest of Huawei Technologies chief financial officer
  • FTSE hits two-year low
  • Brent crude oil dips below $60 per barrel amid concern Opec cuts won’t meet expectations
  • Sterling down against dollar and euro
  • Don’t believe the hype: A free-trade deal with the US is no Holy Grail
  • Stagecoach’s American dream hits the brakes

Canada has arrested the chief financial officer of Huawei, the Chinese telecoms giant at the centre of a spying row, as US authorities seek to extradite her.

Meng Wanzhou, who is the daughter of company founder Ren Zhengfei, was arrested in Vancouver on Saturday, it emerged overnight. American prosecutors are seeking to have her moved to…

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