US Pres. Biden: Deeply concerned by China’s coercive actions across Taiwan strait

Eren Sengezer FXStreet

While speaking at the East Asia Summit on Wednesday, US President Joe Biden said that they are deeply concerned by China's coercive and proactive actions across the Taiwan strait and called it a threat to peace and stability, per Reuters.

Biden further noted that the US will start discussions with Indo-Pacific partners on the regional economic framework.

Market reaction

These comments don't seem to be having a noticeable impact on market sentiment. As of writing, the S&P 500 Index was virtually unchanged on the day at 4,572.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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