Dow Jones falls 1.8% amid panic selling in Asia and Europe
Arrest of Huawei’s Meng Wanzhou compounds fears of tit-for-tat US-China trade war
Shares in New York suffered have suffered fresh heavy falls as panic selling affecting stock markets in Asia and Europe spread to Wall Street.
The Dow Jones industrial average dropped by 400 points when trading began, compounding the effect of an 800-point plunge when the US market was last open on Tuesday. The market was closed on Wednesday for the state funeral of President George HW Bush.