Another item of note in reference to deteriorating US-China relations.

U.S. Secretary of State Mike Pompeo speaking on Wednesday, says his State Department is delaying a report to Congress assessing whether Hong Kong enjoys sufficient autonomy from China to continue receiving special treatment from the United States

  • he is awaiting China's May 22 National People's Congress
  • delay to the report is "to account for any additional actions that Beijing may be contemplating in the run up" China's Congress
  • Wants to assess if anything from it would further undermine the people of Hong Kong's autonomy


Keep an eye on these US-China developments, further deterioration risks lower 'risk' trades (such as AUD, CNH, equities)