China foreign ministry: HK bill to be met with strong countermeasures
Still no specifics being offered up on how they may retaliate though
- Repeats that US should not implement HK bill
- Says no one should underestimate China's determination
But the continued fighting words here should see markets stick to the more cautious and defensive mood that we are seeing so far to start the day. USD/JPY keeps a little lower still at 109.46 currently, little changed since the end of Asia Pacific trading.