New York City (Reuters) – Asian shares are most likely to dip on Thursday after remarks by U.S. Secretary of State Mike Pompeo that Hong Kong no longer required special treatment under U.S. law reignited fret about getting worse relations with Beijing.
SUBMIT PHOTO: A male using protective face mask, following a break out of the coronavirus illness (COVID-19), walks in front of a stock quote board outside a brokerage in Tokyo, Japan, March 10,2020 REUTERS/Stoyan Nenov
After posting early losses, E-Mini futures for the S&P 500 edged up 0.03%, while Nikkei futures pointed to a loss of 10 points.
Pompeo stated over night that China had actually undermined Hong Kong’s autonomy so basically that the territory no longer called for special treatment, a potentially big blow to the city’s status as a financial hub.
Some financiers fret a punitive U.S. reaction to China on the problem of Hong Kong might lead to a tit-for-tat response from Beijing, additional straining ties in between the world’s 2 biggest economies