A man walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Monday, Dec. 10, 2018. Asian markets were broadly lower Monday after China protested the arrest of a senior executive of Chinese electronics giant Huawei, who is suspected of trying to evade U.S. trade curbs on Iran. Hong Kong’s Hang Seng shed 1.2 percent to 25,747.06 and the Shanghai Composite index was 0.6 percent lower at 2,590.81. HUAWEI ARREST: China has slammed as “extremely egregious” the detention of Huawei chief financial officer Meng Wanzhou and demanded that the U.S. cancel an order for her arrest, the official Xinhua News Agency reported on Sunday. ANALYST’S TAKE: Although the Huawei arrest “falls under the purview of independent courts, the timing of it is unfortunate and could jeopardize the truce that was just agreed,” Chang Wei Liang of Mizuho Bank said in a commentary.

Source: Washington Post December 10, 2018 03:33 UTC