Huawei collusion causes uproar in the UK





Nikkei 225


▼ -27.38 / -0.12%

SSE Composite


▲ +54.02 / +1.68%



▼ -436.41 / -0.45%

Straits Times


▼ -10.15 / -0.40%



▲ +74.53 / +0.19%

Dow Jones


▲ +161.39 / +0.57%

DAX 30


▲ +9.02 / +0.07%



▲ +326.82 / +0.81%

FTSE 100


▲ +38.62 / +0.65%

JSE Top 40


▲ +649.81 / +1.30%

Market News

  • SSE Composite: In comparison with other Asian markets, the Shanghai’s SSE Composite index closed up a fair amount this Friday, nearly 2%.
  • IBEX: Spain’s IBEX closed down this past week, amid growing concerns about the country’s second wave of coronavirus infections.
  • Bovespa: In Latin America, Brazil’s Bovespa index closed down this past week and appears to be down nearly 4% over this past month, as the pandemic continues to paralyze the country.

Last Week’s Highlights

Indonesian Protests over New Legislation

In the Southeast Asian country of Indonesia, protests have broken out after the government announced new legislation that would change the country’s working environment. What the protesters are primarily concerned about are the potential rights that many would lose, especially women. The city of Jakarta has seen massive fires and displays of discontent, with hundreds detained.

VP Debate Focuses on COVID-19

This past week, Senator Kamala Harris and Vice President Mike Pence faced off in the US’ VP debate. Understandably, the current pandemic was a central topic of the debate. In an interesting turn, Senator Harris appeared to appeal heavily to those voters who lean more toward the center. Both parties also seemed clearly focused on maintaining a civil and clean debate, something that cannot be said for President Donald Trump and Vice President Joe Biden’s prior debate.

Coming Up This Week

Europe’s Second Coronavirus Wave

As COVID-19 maintains its grip on the world, several European countries have begun to experience an even stronger second wave of the pandemic. Among these countries is the UK, with the number of reported cases jumping up 3,000 from Wednesday to Thursday. Additionally, Spain and France have found themselves in similar situations. The question now remains of how these countries will manage new infections, and if Sweden’s unique approach will prove successful moving forward.

Huawei Accused of Collusion

Legislators in the United Kingdom have announced worries that telecommunications giant Huawei colluded with the Chinese government. Now, these same representatives have suggested that Huawei be banned from the UK starting in 2025, two years sooner than originally expected. This news only adds to a global conversation about the use of Huawei, especially previous actions to block the company in Australia and the United States.

More Things to Sip On…

The governor of Michigan, USA is saved by the FBI from a kidnapping scheme.

SpaceX inches closer and closer to Mars.

Turkey’s currency, the lira, experiences intense value depreciation.


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Visit our Disclosures section for additional information. All market information provided was collected in the afternoon of October 9, 2020. The purpose of NewsFlight is to summarize and make accessible information on a variety of topics within the world of investing and personal finance, and thus cannot be considered formal research or reports. All sources utilized to compile the NewsFlight newsletter are considered trustworthy by the FlexInvest team. FlexInvest is not affiliated with and does not receive remuneration from the news sources used to compile NewsFlight. As well, any images or logos incorporated into the NewsFlight newsletter are not necessarily property of FlexInvest and may solely be included to provide context for the news covered. NewsFlight should not be taken as advice to sell or buy securities or to make any investment. When investing in securities or other financial products, there is always the potential to lose money or asset value. FlexInvest recommends that its users consider their investment objectives and risks before investing. Additionally, any projections or analysis made by authors of NewsFlight cannot be considered as a promise of future trends or returns. Opinions expressed in News Flight are not representative of FlexInvest Inc.

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