US support for Hong Kong’s protesters could spoil the mood but will hardly cancel the trade deal
The Beijing official statement about Chinese revenge in response to Donald Trump’s decision to sign a bill into law expressing support for Hong Kong’s protesters left Chinese traders relatively unfazed. The Shanghai Composite Index fell 0.5%, while the yuan and the local bonds were slightly weaker. Trump’s signing could further complicate U.S.-China talks over a trade agreement, but should not cancel it. It’s just a symbolic move and has no real influence on markets unless China makes a military move into Hong Kong,…
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