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Huawei CFO's arrest weighs on Asia bourses : STI falls 1.3%; UOB is index's biggest loser in percentage terms, dropping 2.8%

Dec 7, 2018 - The Straits Times (Singapore)

Investors on edge over trade issues took another hit yesterday when Huawei Technologies' chief financial officer (CFO) was arrested in Canada over potential violations of United States sanctions on Iran.

Needless to say, the arrest provoked outrage from Beijing and might complicate the already testy relationship between the world's two biggest economies just as it was showing signs of improving.

The news weighed heavily on key Asian indexes, with the Nikkei, Hang Seng, Shanghai Com

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