Flash Briefing: Market swings wildly; US interest rates; Huawei caves; Discovery chairman draws flack

It was an extraordinary session in US markets last night as shares first plumetted on the Huawei arrest and then bounced back after the Wall Street Journal reported that interest rates are likely to stay lower for longer.  A WSJ report disclosed an “evolving” US Federal Reserve view on interest rates which is considering adopting a wait-and-see approach likely to slow down future rate hikes.  More details have emerged around yesterday’s arrest of Huawei’s CFO, apprehended between connecting flights at Vancouver airport. In South African related news, Discovery’s appointment of global business heavyweight Mark Tucker as its chairman has drawn some flack.