Weakness in Asian equities gave way to a flattish European session, and mild positivity in the US,” Hayden Dimes at ANZ Research said in a Monday morning note.īut outside of the Greater China area, markets remained bullish and equities were 30% higher than its March lows, with various stimuli measures kicking in and lower cases numbers in some countries prompting loosened lockdown measures, prompting hopes of a swift economic recovery. “Risk sentiment proved resilient, on Friday night, to concerns about the fallout from China introducing national security legislation in Hong Kong. Commerce Department added 33 Chinese companies and institutions to a blacklist on Friday. Senators proposed sanctions on entities enforcing the law and the U.S. was potentially pushing toward “a new Cold War” with China after U.S President Donald Trump promised strong U.S. Chinese Foreign Minister Wang Yi warned that the U.S.
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