mo4ch:>Asian stocks sink after US orders arrest of senior Huawei executive in Canada | Mo4ch News

Major Asian stock markets plunged as much as 2.5 percent on Thursday after a senior Chinese executive was arrested in Canada, and is now facing extradition to the US. Investors fear an escalation of the US-China trade war.The Shanghai Composite Index dropped 1.3 percent and Hong Kong’s main index, the Hang Seng, lost 2.52 percent, as the two Asian stock markets closed on Thursday. Japan’s Nikkei closed at the lowest level in more than a month, down 1.91 percent. Tech stocks took the biggest beating during the day.Also on rt.comHuawei finance chief arrested in Canada, faces extradition to US over Iran sanctions – reportThe markets slumped right after Canadian law enforcement arrested Meng Wanzhou, Huawei’s chief financial officer and board deputy chair. The executive was arrested at the request of the US for alleged violations of the trade embargo against Iran. China has demanded an explanation for the detention of its citizen from both the US and Canada, and her immediate release.The …