Dow futures drop 260 points as sell-off looks set to continue in new week.

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Sunday's drop in futures comes after China summoned the U.S. ambassador to Beijing to protest Huawei CFO Meng Wanzhou's detention.

The arrest is seen as a potential deterrent to the U.S. and China reaching a permanent deal on trade. Huawei is one of the largest tech companies in China and is seen as symbol of pride by the Chinese government.

The drop also follows a volatile week for investors. The major indexes had their biggest weekly declines since March last week as worries over global trade and the economy gripped Wall Street.

Submitted December 09, 2018 at 07:59PM by endstreet https://ift.tt/2SIv8Eb