Asia Stocks Trade Mixed after Trump Signs the Bill to Support Protesters in HK!
Asia Stocks Trade Mixed after Trump Signs the Bill to Support Protesters in Hong Kong.
In the morning session on Tuesday, stocks in Asia traded mixed after it has been reported overnight that the U.S. President Donald Trump signed the bill to back protesters in Hong Kong.
As of 8:58 local time in Thailand, Nikkei rose 0.04%, SSEC gained 0.08%, ASX 200 edged 0.36% higher, HSI dipped 0.20% and Kospi slipped 0.03%.
Yesterday, SET closed at 1,607.27 points, decreased 2.11 points or 0.13% with a trading value of 51.2 billion baht.
The legislation was approved unanimously by the U.S. Senate and the House of Representatives last week. The main point in this legislation was to protect human rights in Hong Kong amid a crackdown on a pro-democracy protest movement that has gripped the Chinese-ruled financial center for months.
Despite the objection from Beijing, Trump also signed the second bill to ban the export of certain supplies such as crowd-control munitions, tear gas, rubber bullets, etc. to Hong Kong police forces.
Aiding protesters in Hong Kong had made it clear that the U.S. stands on the opposite side of China which could, more or less, affect the ongoing negotiation between the two countries to end the trade war.