Pompeo: China in the past year 'has shed any pretense' that people of Hong Kong enjoy high degree of autonomy – Reuters


Reuters reports that the US State Sec. Pompeo says China in the past year 'has shed any pretense' that people of hong kong enjoy high degree of autonomy required by law. 

The headline follows earlier news that Pomero has certified to Congress that Hong Kong is no longer autonomous from China and does not warrant special treatment under US law. 

Risks to financial markets are significant. More on that here: 

 Chart of the Week analysis from the open of this week stated that the US and Chinese tensions are at the forefront of markets.

In other headlines, The Global Times reports that the US has "hidden key information and failed to handle the pandemic properly, leading to the global health crisis. Lawmakers said Chinese citizens & companies should have the right to sue the US government." 

The Global Times has also stated that the "central government of China is trying its best to protect Hong Kong from instability and riots regardless of pressure from the West; the US is taking actions to harm the Hong Kong' economy, so Hong Kong's people with common sense will see “who is really helping Hong Kong."

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Are you new to trading or have been trading for a while and you feel stuck?

Try with us!
Become Premium!
   

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD depressed near a fresh weekly low at 1.2065

EUR/USD lost the 1.2100 mark with US inflation data, holding near its daily lows as demand for high-yielding assets receded. The greenback has room to continue rallying.

EUR/USD News

GBP/USD extends slump sub-1.4100 as dollar rallies

GBP/USD has  extended its decline after US CPI beat estimates with 4.2% while Core CPI came out at 3%. Earlier, UK GDP beat expectations with -1.5%. Volatility is rising.

GBP/USD News

XAU/USD tests $1,820 as USD capitalizes on US CPI data

The XAU/USD pair fluctuated wildly in the early American session as investors assessed the latest inflation report from the US. After spiking to a daily high of $1,843, the pair reversed its direction and dropped to $1,820 area.

Gold News

BTC may drop to $34,000, taking the rest of the market with it

Bitcoin price defining a bearish top formation after weeks of indecision. Ethereum price blitzes bears with steady price momentum. Ripple price fails pattern test, poised for further losses.

More Crypto News

Inflation and the dollar: Is the connection as direct as it seems?

US inflation soared in April and so did market volatility. Treasury rates rose, the dollar followed and equities dropped for a second day.  The Fed insists prices increases are temporary but behind the pandemic base effect commodity prices are sharply higher and wages are rising. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures