- Analytics
- News and Tools
- Market News
- China’s Foreign Ministry: Will sanction US House Speaker Pelosi over Taiwan visit
China’s Foreign Ministry: Will sanction US House Speaker Pelosi over Taiwan visit
China’s Foreign Ministry announced on Friday, “we will sanction US House of Representative Speaker Nancy Pelosi over the Taiwan visit.”
Key takeaways
"Ms. Pelosi had disregarded China’s concerns and resolute opposition to her visit to the self-ruled island, which Beijing claims."
"Ms. Pelosi was the highest-ranking US official to visit the self-governing island in 25 years. China claims Taiwan as its territory and opposes it having its own engagements with foreign governments."
"Ms. Pelosi’s visit is provocative and said it undermines China’s sovereignty and territorial integrity. Sanctions would be imposed on Pelosi and her immediate family."
Market reaction
The Chinese proxy and high-beta currency, the AUD, has come under moderate selling pressure on escalating US-China tensions. AUD/USD is trading at 0.6952, down 0.23% so far, as of writing. The S&P 500 futures have erased gains and turned slightly negative on the day.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
