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Chinese Stocks Slump as Huawei Report Hits Fragile Sentiment
A gauge of Chinese stocks in Hong Kong headed for its biggest two-day drop in 10 months as the arrest of Huawei Technologies Co.’s chief financial officer dealt fragile investor sentiment another blow and deepened uncertainty over China’s relations with the U.S. The Hang Seng China Enterprises Index dropped 2.8 percent as of 10:50 a.m., while the Shanghai Composite Index fell 1.1 percent. Technology stocks were among the hardest hit in both markets as Huawei suppliers tumbled. Huawei CFO Wanzhou Meng is facing extradition to the U.S. after her arrest in Vancouver in connection with potential violations by the ... (full story)