Wall St opens lower as Huawei exec arrest fans trade worries

NEW YORK: US stocks tumbled at open on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure.

The Dow Jones Industrial Average fell 289.65 points, or 1.16 percent, at the open to 24,737.42.

The S&P 500 opened lower by 36.55 points, or 1.35 percent, at 2,663.51. The Nasdaq Composite dropped 141.37 points, or 1.97 percent, to 7,017.05 at the opening bell.

Concern about China-U.S. trade relations deepened after the arrest of Huawei Technologies Co.’s Chief Financial Officer Wanzhou Meng. – Reuters

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