Chinese Military: Drills continue around Taiwan on Monday

1 min read
Chinese Military: Drills continue around Taiwan on Monday

The Eastern Theater Command of China’s People’s Liberation Army said on social media Weibo that it is continuing drills in the seas and skies around Taiwan on Monday.

The military has carried out an unprecedented set of naval and air force drills in areas near Taiwan following US House Speaker Nancy Pelosi’s visit to the island.

China’s Foreign Ministry announced on Friday, “we will sanction US House of Representative Speaker Nancy Pelosi over the Taiwan visit.”

Market reaction

Risk sentiment remains tepid so far this Monday, as the S&P 500 futures trade 0.07% on the day. The AUD/USD pair is ending its recovery towards 0.6950 amid a broad US dollar retreat after Friday’s solid upsurge backed by the bumper payrolls.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Read More

Leave a Reply

Your email address will not be published.

Previous Story

Asian Stock Market: Trades mix on subdued S&P500, DXY slips around 106.80, oil below $90.00

Next Story

Japan Eco Watchers Survey: Current came in at 43.8, below expectations (53.6) in July

Latest from Blog

U.S. Open day two

NEW YORK, Aug 31 (Reuters) – Emma Raducanu’s U.S. Open title defence ended at the first…