Hang Seng surges more than 3%
In Monday morning trading in Hong Kong, the city’s Hang Seng Index surged 3.2%. Stock gauges in Shanghai, South Korea and Japan rose 1.1% to 2.0%. Australia’s S&P/ASX 200 added 0.8%.
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Trump says he'll sanction China over Hong Kong, and pulls out of WHOPresident Trump said Friday the U.S. would pull out of the World Health Organization and threatened to revoke financial benefits afforded to Hong Kong, to sanction Beijing for its crackdown there.
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China media bristles at US moves on Hong Kong over national security pushThe China Daily said Trump's pledge to 'take action to revoke Hong Kong's preferential treatment as a separate customs and travel territory', and to impose sanctions on individuals, would hurt the US, and unite Hong Kong with mainland China.
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Trump Has Already Put Himself in No Position to Help Hong KongEven if he wants to, the president has neither the leverage, the diplomatic skill, nor the credibility to stand up to China over its new power grab.
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China's 'nervous' Xi risks new Cold War, last Hong Kong governor saysChinese President Xi Jinping is so nervous about the position of the Communist Party that he is risking a new Cold War and imperiling Hong Kong's position as Asia's preeminent financial hub, the last British governor of the territory told Reuters.
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