CHINA WARNS THE US MUST NOT AGGRAVATE THE TENSE SITUATION
Amidst escalating geopolitical tensions between US and China over the Chinese balloon incursions, a Chinese official warned the US not to aggravate the tense situation.
This comes after US President Joe Biden’s administration lauded the Pentagon for shooting down an alleged Chinese spy balloon off the US Atlantic coast on Saturday.
In response, China angrily voiced its "strong dissatisfaction" at the move and said it may make "necessary responses."
Market reaction
The FX space is relatively unaffected by the US-China conflict but the Chinese stocks are down 1% to 2% so far. The US S&P 500 futures are shedding 0.35% on the day.
AUD/USD is steadily recovering ground above 0.6900, up 0.05% on the day.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.