China plucks Canada Goose caught in crossfire of Huawei arrest

Canada Goose stock saw a dramatic plunge after Chinese social media reportedly urged the country’s consumers to boycott the world-famous brand amid the recent detention of Huawei finance chief by Canadian authorities.

Shares of the Toronto-based clothing company, whose parkas go for $1000, dropped nearly 20 percent over just four days. At the same time, shares of a Hong Kong-based apparel maker, Bosideng, surged around 13 percent, hitting a five-year high.

Read more at RT