US has no jurisdiction over Hong Kong – Global Times

Dhwani Mehta FXStreet

The Editor-in-chief of Chinese and English editions of the Global Times, Hu Xijin, in his much-awaited tweet, responded to the US President Trump’s signing of the Hong Kong human rights bill into law.

Hu tweeted out: “The US has no jurisdiction over Hong Kong. Hong Kong Human Rights and Democracy Act will not entitle such a right to the US. If Washington hopes to turn Hong Kong into an arena of China-US game, it needs to bear moral responsibilities for the potential losses of Hong Kong people.”

Meanwhile, the USD/JPY pair is seen struggling to extend the bounce from 109.33 lows, as markets continue to fret about the spill over from the US-China political tensions on the ongoing trade talks. The Asian equity markets are trading with a sense of caution, lagged by the Chinese stocks.

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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