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Markets looking cautious ahead of Trump’s announcement on China
For the past few days, markets have been building with anticipation of an impending escalation of tensions between the US and China. Whilst equity markets have been positive with focus on COVID-19 vaccines and economy re-openings, looking large overhead has been the US response to China over its treatment of Hong Kong. Tension is being cranked up today as President Trump is set to hold a press conference to announce the US response to China imposing its will over China with a security bill. If he announces the intention for punitive sanctions on China and the status of Hong Kong, then it could really hit risk ... (full story)