FTSE 100 hits two-year low as Huawei arrest rattles markets – business live
Shares have been hit by the shock arrest of Huawei CFO Meng Wanzhou
- Latest: FTSE 100 just hit a two-year low
- Huawei arrest shatters market confidence
- Shares have slumped in Asia – China down 2%
- Coming up: Opec meeting
The selloff in London is gathering pace!
The FTSE 100 has now shed 1.5%, or 110 points, leaving it firmly slumped at a two-year low.
Stocks are down across Europe too.
The Stoxx 600 index has hit a six-week low, dragged down by technology stocks and car makers (who would both suffer from a US-China war).
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Author: Graeme Wearden