China: US has “gone too far” on sanctions over the Hong Kong issue
|The latest statement released by China cites that the US has "gone too far" on sanctions.
This comes as the world’s second largest economy continues to voice its disappointment over the US sanctioning the Chinese officials over the Hong Kong security law.
On Tuesday, the Foreign Ministry said in a statement that it will take retaliatory measures on the US’ ending the preferential treatment of Hong Kong.
China’s parliament passed the national security law for Hong Kong a day before.
Market reaction
As the risk-of mood intensifies amid coronavirus fears and US-China tensions, AUD/USD turns negative and trades at session lows of 0.6888, down 0.17% on the day.
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