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Global markets are sliding as Huawei suppliers cut ties, raising the prospect of a prolonged trade war with China

Trader Ryan Falvey works on the floor of the New York Stock Exchange, Thursday, May 9, 2019. Stocks are opening broadly lower on Wall Street as investors keep a close eye on trade talks between the U.S. and China. (AP Photo/Richard Drew)

  • Asian and European stocks and US futures fell on Thursday following reports that Panasonic, Arm, and other partners have cut ties with Huawei.
  • Panasonic said it halted shipments of some components to Huawei but later dismissed media reports as “simply untrue.”
  • The Trump administration blacklisted Huawei last week and reportedly has other Chinese technology firms in its sights.
  • Visit Markets Insider’s homepage for more stories.

Asian and European stocks and US futures fell on Thursday following reports that Panasonic, Arm, and other Huawei partners have cut ties with the Chinese telecoms titan following its blacklisting by the Trump administration.

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Source:: BusinessInsider.Com