Chinese Executive Prison threatens truce with US and abandons stock and commodities



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The truce in the trade war announced by Donald Trump and Xi Jinping last weekend was threatened on Thursday (6) by the announcement of the arrest of the founder's daughter of the Chinese giant Huawei technology. Meng Wanzhou is the financial director of the company. She was arrested in Canada at the request of the United States. His arrest would be linked to the violation of certain US sanctions. Technology and intellectual property have been at the center of discussions since the beginning of the trade war between the two countries.

The news shook financial markets globally and, in the United States in particular, the stock indexes are in free fall. The products accompany the victims. The Nasdaq 100 loses more than 3.7% and the Dow 300 more than 3%. Of the commodities, the largest losses were oil, which fell by more than 3% in London and New York. Natural gas decreased by more than 2%.

Losses of copper and silver metals exceed 1%, while futures contracts on cotton and sugar in New York lose between 1.18% and 1.27%. At the Chicago Stock Exchange, cereals posted smaller losses, but soybeans led the way, which declined at about 11 am (0.53%).

On the contrary and in response to the strong risk aversion this Thursday morning after the announcement of his arrest, the dollar appreciates against a basket of large currencies, including the real one. The US currency was up 1.03% and was already worth R $ 3.90.

The arrest of Meng occurred on the same day as the G20 meeting ended last weekend, but the news was released today, according to information provided by international agencies. China reacted with indignation and called on the countries concerned to take steps to release it as soon as possible.

"China has called for the immediate release of the director, but with regard to the agreed trade truce last weekend, the Chinese Ministry of Commerce promised to" implement immediately "the agreement between the two countries, stating that the Chinese government will start the process with agricultural, energy and automotive products, "says market badyst Andrea Cordeiro of Labhoro Corretora.

The arrest of Meng took place on the same day as the G20 meeting which ended last weekend. however, the news has only been revealed today, according to information provided by international agencies. China reacted indignantly and called on the countries concerned to take steps to release it as soon as possible.

In a statement, the Chinese Foreign Ministry called for an immediate clarification of the arrest, stating the motive for action, its rights and the preservation of its interests. Huawei, who was suspected since 2016 of selling technology to Iran under the eyes of the US government, was still violating the sanctions. Today, the group is the largest telecommunications manufacturer and the second smartphone of the Asian country.

"The timing and method is shocking and it is unusual for the phrase" oh my God "to appear in our internal email conversations, as it did today," said Control Risks Group. Andrew Gilholm at Bloomberg. And the attitude of calling for the arrest and extradition of a Chinese leader such as Meng, in the badysis of the international agency, is rare, if not unprecedented.

Bloomberg and other international media are also trying to figure out what government role played by Trump in the executive jail or whether will intervene in the case at any given time.

Huawei founder's daughter arrested at the request of the United States; The daughter of Chinese technology giant Huawei's founder has been arrested in Canada and can be extradited to the United States in a fortress in the United States. "src =" https://cdn.noticiasagricolas.com.br/dbimagens/0f687b0f35da9d220b6477534ce7c667.gif "style =" width: 71px; height: 22px; "/>

VANCOUVER / WASHINGTON (Reuters)

L & # Shocking arrest of Meng Wanzhou, who is also Huawei Technologies' vice president of finance, raises new questions about the 90-day truce signed between presidents Donald Trump and Xi Jinping on Saturday – the day of his detention

Arrest is related to the violation of US sanctions, said one person aware of the case.Reinters was not able to determine the precise nature of the violations.

L & # 39; arrest and possible sanctions against the world's second-largest smartphone maker could have major repercussions on global supply chain Shares of Huawei's Asian suppliers, including Qualcomm and Intel, fell on Thursday [19659] 003] Meng, vice chairman of the board of directors of the company and daughter of the company's founder, Ren Zhengfei, was arrested the same day. On December 1, at the request of US officials and scheduled to attend the hearing on Friday, said a spokesman for the Canadian Department of Justice.

Also on December 1, Trump and Xi had dinner in Argentina at the G20 summit. Sources told Reuters in April that US officials were investigating Huawei, the world's largest maker of telecom equipment, since late 2016, for allegedly sending products of US origin to Iran and Iran. Other countries. violation of US export legislation and sanctions.

Huawei confirmed the arrest in a statement and said he received only a little information about the charges, adding that he "is not aware of it. any irregularity of Mrs. Meng. "

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