US readies global sanctions on China over Xinjiang abuses – Bloomberg

Eren Sengezer FXStreet

The United States is getting ready to impose global sanctions on China over Xinjiang abuses, Bloomberg reported on Wednesday, citing sources familiar with the matter.

The sanctions are likely to target China's Communist Party officials responsible for Xinjiang abuses, Bloomberg further added.

Market reaction

This headline doesn't seem to be having a significant impact on market sentiment. As of writing, the S&P 500 Index was up 0.45% on the day at 3,114, the Dow Jones Industrial Average was flat at 25,814 and the Nasdaq Composite was gaining 0.88% at 10,249.

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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