China’s Foreign Ministry has made a statement in the last hour and said that the country has decided to impose sanctions on US officials who have behaved in an atrocious manner in the affairs of Taiwan.
Comments are added to concerns about a further escalation of tensions between the world’s two largest economies. This comes amid concerns about the potential economic fallout from escalating coronavirus cases and continues to weigh on investor sentiment. This has been evident by a weaker tone in stock markets, which in turn benefits traditional safe-haven currencies such as the Japanese yen.
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