Hu Xijin, a commentator on the highly-influential Chinese language state media, World Instances, tweeted out on Tuesday, “based mostly on what I do know, in response to Pelosi’s potential go to to Taiwan, Beijing has formulated a collection of countermeasures, together with navy actions.”
This comes as diplomatic tensions mount forward of an anticipated Taiwan go to by US Home of Representatives Speaker Nancy Pelosi this Tuesday.
Additionally learn: China bans over 100 Taiwanese food factories from importing products
Market response
The market temper stays threat averse, as traders chorus from putting bets on high-beta belongings amid escalating tensions between China and Taiwan over the deliberate go to by Pelosi to Taipei. The US S&P 500 futures are down 0.52% on the day whereas AUD/USD is going through a double-whammy from a much less hawkish RBA price hike and China considerations, falling in direction of 0.6950.
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