Huawei issue caused risk wobble in Asian session
Here is the link to the Huawei issue affecting markets at the moment.
- China foreign ministry hopes that US would correct it's mistake immediately and what it has done is wrong
- Hopes Canada and US will correct their wrongdoing
Ok, not the best of situations here clearly. This taps into the very heart of the US and China trade dispute - intellectual property. The battle lines are drawn once again. The headline again from earlier, brought to us by Eamonn in typical timely manner.
Arrested Huawei CFO Wanzhou Meng is being detained on charges related (WSJ reports) to Huawei "allegedly stealing trade secrets from U.S. business partners, including the technology for a robotic device called "Tappy" that T-Mobile US used to test smartphones, according to people familiar with the matter."
