Huawei Arrest Tension | Fonterra’s Failure Global markets initially sold off heavily overnight, but stocks on Wall Street did recover into the close of trade.  There was a fresh twist in China-U.S. tensions, which saw stocks fall across Asia as Huawei chief financial officer Wanzhou Meng - the daughter of founder Ren Zhengfei - was arrested in Canada and faces extradition to the US on suspected sanction violations. The news reversed optimism that the US and China were finding common ground in their protracted dispute after presidents Donald Trump and Xi Jinping agreed to work towards better relations. In other news, OPEC and its allies have agreed to cut oil production next year as crude prices continue to remain low. The group recommended that a cut in production was necessary in order to balance the oil market in 2019.   Stock in Focus: Fonterra (FSF:NZX / FSF:ASX) Dairy giant Fonterra reported weaker first-quarter earnings yesterday and lowered its forecast pay-out to farmers due to a global oversupply that is...