Asian markets mixed early in the session on Monday as tensions between the United States and China increased.
Nikkei from Japan
NIK
It gained 1.5% while the Hong Kong Hang Seng Index
HSI
Shanghai Composite fell 1%
SHCOMP
slightly removed and the Shenzhen compound
399106,
submerged by 0.3%. South Korean kospi
180721,
increased 0.7% while Taiex of Taiwan
Y9999
decreased by 0.1%. S & P / ASX 200 Australia
XJO
up 1.4%. The markets of Singapore and Indonesia were closed for the holidays.
The US markets are closed on Monday for the Memorial Day holidays.
US-China relations have deteriorated as Trump administration blames China for hiding the magnitude of the coronavirus epidemic months ago and the blame for spreading the pandemic . But now, a new bill proposed by China that would allow it to replace the local government of Hong Kong raises concerns about the suppression of freedom of expression and dissent.
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White House National Security Advisor Robert O’Brien said Sunday that China could face US sanctions if it passed the bill, warning that it could cause residents and businesses to flee. . city and the end of its status as a global financial center. .
“One of the reasons they came to Hong Kong is because there was the rule of law, there was a free enterprise system, there was a capitalist system, there was democracy and elections local legislative elections, “he said on NBC’s” Meet the Press “. . “” If all these things go away, I don’t know how the financial community can stay there. “
Meanwhile, Chinese Foreign Minister Wang Yi said on Sunday that the United States should put an end to its “illusion” of forcing China to change, warning that some US officials were taking relations “on the verge of” news Cold War. “This is dangerous and will endanger world peace.” Bloomberg News reported.
“The air is always cautious,” wrote Stephen Innes, chief global market strategist at AxiCorp, in a note. “Hong Kong traders make up for the second half of the falls in 2020 …. With more street riots amid the spillover effects of COVID-19 and a possible exodus of jobs from the city’s financial center , things will surely get worse before they get better. “
Police on Sunday met pro-democracy protesters in Hong Kong with tear gas and a water cannon, and dozens of protesters were arrested.
US stock index futures edged up Sunday evening. Stocks changed little on Friday, but during the week the Dow
DJIA
up 3.3%, the S&P 500
SPX
up 3.2% and the Nasdaq compound
COMP,
It was up 3.4%.
Oil prices have risen, the US benchmark crude. United States
CLN20,
rising to $ 33.60 a barrel in ecommerce on the New York Mercantile Exchange, while Brent crude oil from July
BRNN20,
, the global benchmark reached $ 35.32 a barrel.
The US dollar
USDJPY
brought 107.70 Japanese yen, a little higher.