Asian stock markets are off to a bad start this week, with most major indexes plunging anywhere from 1-2 percent. And the reasons aren’t new: concerns over growth and escalating frictions between two of the world’s superpowers.
The sell-off in global equities deepened in Asia hours after Chinese economic data released over the weekend signaled a further weakening of both domestic and international demand in November. Adding insult to injury, tensions have ratcheted up after the arrest of Huawei Technologies Co. Chief Financial Officer, with China’s Vice Foreign Minister having summoned the U.S. Ambassador to China in a protest over her capture on Saturday.