TOKYO/NEW YORK - Asian shares erased gains and the yuan languished on Thursday on growing worries China’s planned security law for Hong Kong would spark a broader diplomatic confrontation with the United States.
Japan and Australia were both higher while European stock futures also defied the gloom with the pan-region Euro Stoxx 50 futures up 1.22%, German DAX futures rising 1.3% and FTSE futures climbing 1.34%. The proposal for new legislation is expected to be passed on Thursday by the National People’s Congress.Pompeo said overnight that China had undermined Hong Kong’s autonomy so fundamentally that the territory no longer warranted special treatment, a potentially big blow to the city’s status as a financial hub.
President Donald Trump said he will announce a response to China’s policies towards Hong Kong later this week.Australian shares rose to the highest in more than two months after the country’s central bank governor bolstered hopes for a quick economic rebound. Yields on 10-year U.S. Treasuries rose slightly to 0.6966%. Although 10-year yields are up from an all-time low of 0.4980% struck in March, they are still a whopping 120 basis points below highs seen in January.
I think the weakest of the souls make it to the stock markets. D moment some global events happen, these folks rush in with Diarrhoea... 🚽🚽 can chemists plz stock diapers for them..... 😠😠
Thank you for your misleading! Without your help, I can't buy the dip. ;)
red means it’s growing in Asia, so u should say its truning green
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Source: Reuters - 🏆 2. / 97 Read more »