Global markets tumble on Huawei CFO arrest; Sensex ends 1.6% lower

Major global markets tumbled about 2% or more, while Brent crude prices fell over 4% to trade below $60 a barrel

Stock markets around the world fell sharply on Thursday as investors dumped risky assets on worries that the relationship between the US and China could worsen following the arrest of a high-profile Chinese executive.

Major global markets tumbled about 2 per cent or more, while Brent crude prices fell over 4 per cent to trade below $60 a barrel. The Sensex ended 572 points, or 1.6 per cent, lower to close at 35,312, while the Nifty 50 index plunged 182 points, or 1.7 per cent, to 10,601. It was the biggest single-day fall for the Indian benchmark indices in nearly two