That followed a sharp selloff in Asia after China said it would impose new national security legislation on Hong Kong — sparking a warning from U.S. President Donald Trump that Washington would react “very strongly” against an attempt to gain more control over the former British colony.slid more than 5% to a seven-week low, MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS fell 2.7%.slipped 0.8%, while U.S.
Still, MSCI’s world stock index .MIWD00000PUS, is up around 2.5% this week as central bank stimulus in the face of the coronavirus shock underpins investor sentiment. “The relationship feels more in terminal decline now than it did 6-12 months ago. Maybe the answer to this puzzle lies in the central bank liquidity surge.”
Japan’s central bank on Friday unveiled a lending programme to channel nearly $280 billion to small businesses hit by the coronavirus. India slashed interest rates for a second time this year.
HongKong is no longer safe, Your money here could be confiscated with no justifiable grounds. All your assets belong to the Communist Party of China😱😱😱😱 StandWithHongKong
HongKong economy will fully be controlled by CCP soon. Time to leave HK if u have investment there. Now or never
Translation: Global stocks skid as Trump plans to interfere China's internal affairs.
If the United States does not give up its hegemonic mentality completely, there will be no peace in the world.