Updated from 5:58 a.m. EST
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Here are five things you must know for Friday, Feb. 17:
1. -- U.S. stock futures fell Friday and shares in Asia traded lower following declines on Wall Street and as the dollar firmed. European stocks turned mixed after falling earlier in the session.
Wall Street's longest winning streak in a quarter century came to a close on Thursday as investors took a breather after five days of records.
Jay Y. Lee, vice chairman of the executive board, was taken into custody after prosecutors sought a warrant for his detention and said he will be charged with several offenses including bribery, embezzlement and perjury. Lee, 48, has been the subject of an investigation into a cash-for-influence scandal that brought down Park Geun-hye late last year.
The payments were allegedly made to help win government approval of a 2015 merger between Samsung holding company Cheil Industries and construction firm Samsung C&T Corp., a move that solidified Lee's control over Samsung.
The arrest comes as Samsung is grappling with an increasingly competitive smartphone market and attempting to put the ill-fated release of its Galaxy 7 behind it.
3. -- Apple (AAPL) will begin assembling in the coming months its lower-priced iPhone SE models at a contract manufacturer's plant in the southern Indian technology hub of Bengaluru, a source told Reuters.
Apple's Taiwanese manufacturing partner, Wistron, is setting up a plant in Bengaluru to focus solely on assembling iPhones, a separate source told Reuters earlier this month.
India is the world's fastest growing major mobile market, where handsets far cheaper than Apple's iPhones dominate. To lower prices, Apple has been seeking to set up local production and has been in talks with the Indian federal government regarding issues such as tax concessions, Reuters reported.