Meng Wanzhou, vice-president of Huawei, is under arrest

Meng Wanzhou, vice-president of Huawei, is under arrest

The woman has been arrested in Canada under the accusation of encroaching on the US sanctions against Iran. This is a very general information, but no further info has been released to the public so far. United States of America want Wanzhou’s extradition into the US, while the Chinese government has issued a formal protest against her imprisonment. The arrest had an immediate influence on the stock market, too, namely the immediate drop in price of industrial metal such as iron or copper. The first court case, so far only on the possible caution for Wanzhou, will begin this Friday.

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