A woman walks by a Huawei logo at a shopping mall in Shanghai, China December 6, 2018. REUTERS/Aly Song
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The daughter of Huawei's founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, roiling global stock markets as it threatened to inflame Sino-U.S. trade tensions afresh. The shock arrest of Meng Wanzhou, 46, who is Huawei Technologies Co. Ltd's chief financial officer, raises fresh doubts over a 90-day truce on trade struck between presidents Donald Trump and Xi Jinping Saturday the day she was detained.Her arrest, revealed late Wednesday by Canadian authorities, is related to the U.S. sanctions, a person familiar with the matter said. Sources told Reuters in April that U.S. authorities have been investigating Huawei, the world's largest telecoms equipment maker, since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws.Huawei is not listed, but China's second-largest telecom equipment maker, ZTE Corp., sank nearly 6 percent in Hong Kong while most of the nearby national bourses lost at least 2 percent.
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