China extends its anti-dumping investigation into Australian and Japanese chemical exports

Dhwani Mehta FXStreet

According to Reuters, China announced that it extended its anti-dumping investigation into the Australian and Japanese chemical exports.

Beijing is reported to extend the probe further into the exports from South Korea and Malaysia through to November 30 this year.

This comes in the face of the rife tensions between the US and China over the issue of Hong Kong’s autonomy after the latter approved the National Security Bill for Hong Kong on Thursday.

Market reaction

The risk-off extends into mid-Asia, with the regional equity indices downed along with the US equity futures and risk currencies.

AUD/USD trades listless below 0.6650 while USD/JPY drops 0.20% to 107.40, as markets await US President Donald’s Trump response to the Hong Kong situation.

US Pres. Trump to hold China news conference on Friday, risk-off themes will be in play

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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