Britain’s FTSE hits 2-year low as Huawei arrest rattles investor confidence

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Britain’s FTSE hits 2-year low as Huawei arrest rattles investor confidence

Crude futures fell more than 2 per cent as a deal among OPEC members to cut output at their producer group’s meeting later in the day appeared unlikely.

Copper fell for a fourth day after the chief financial officer of Chinese technology giant Huawei was arrested in relation to alleged violations of US sanctions.

Investors were fretting that the arrest could drive a wedge between China and the United States just days after President Donald Trump and President Xi Jinping agreed to a temporary truce in their trade war to give the two sides more time for negotiations.

Reuters

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