Of the 10s of thousands of people who fled killings and kidnappings by an armed group in north. And in sport african football bosses will be making some Big Decisions in the coming hours next years cup of nations in cameroon may have to be postponed due to the impact of coronavirus. So then china is about to impose a new security law in hong kong 23 years after it took back control and promised a one country 2 systems policy the controversial law was passed unanimously in beijing just 40 days after it was proposed anything it defines as acts of secession subversion terrorism or collusion with Foreign Forces could lead to life in prison and critics say the law will be used to stamp out all forms of dissent that have already been spontaneous protests in hong kong and some opposition parties or theyve announced that they are going to disband the u. K. The e. U. Japan taiwan theyve all criticized the law but china has dismissed their concerns as interference in internal affairs while were
We will break that down later on. Take a look at the rest of the market. You see caution still. The likes of gold, despite the rebound in stocks, gold topped at 1800 for the First Time Since 2011. Theres caution around a resurgence of cases. We have the situation in hong kong with china and acting sweeping powers. Goldman saying we could see 2000 for gold in the next 12 months or so. Extending theg best performance we have seen in 30 years. Money coming off of the dollar here, more of quarter selling and rebalancing. A little bit of strength in the yen. Offshore renminbi gaining at 705. Take a look at the nikkei. A survey cannot very negative. Manufacturing sentiment dropping to the lowest level since 2009. China seeing shares up 6 10 of 1 . The pboc said to Lower Borrowing costs for small businesses. Perhaps anticipating a rate cut today. Watching bonds. Treasuries did tumble. They continue. 68 basis points. Lets get to our top story now. Hong kong marking 23 years of chinese role hou
You know foremost before any follow up investigation is going to. Be carried out including the rest of the other group of people who are under age and 18 people and we want to deal with them. In a humanized manner so through it. They can contact with us and threw a wrench in with us maybe sorrow the church and problem their headmistress headmasters and also there are other centers on mr john and the deans of the college to persuade them to leave the campus this is for their safety so that they know as long as they dont use violence they dont use weapons and also they leave orderly. Matter or they can leave on their own. The police would only register their names and then they can leave of course we want to make sure that we reserve the right to deal with them at a later date because it is actually very difficult at this stage but everyone who are under 18 was that they have broken any criminal laws. So these other 2 main job principles that i have asked the police to follow when they d
More solid, with the exception of what is happening in hong kong. Yvonne saw another violent weekend. Police firing tear gas at subway stations. Hong kong relatively stable when it comes to the hang seng. Cathay pacific, seeing one of the biggest worst sessions we have seen. Lets talk about what would watching in terms of currencies. Dollar china below that 710 handle. Comingseeing strength through in the earlier losses. The close on friday was not pretty. David we took one of the three levels we were tracking, which would not take you back to the referendum. Took out 121, 10 speak looking at 11986. Watching those levels very closely. Iron ore is continuing. 28 depending on what contract. Still holding up at the 1500s. Yvonne lets talk more about what is moving on these markets. We saw stronger fixing from the pboc, where the currency headed now . What the pboc is signaling is aat it is trying to oversee steady, controlled weakening of the currency. Thats what the fixes have shown over
Stocks are taking a hit around the world to mid fears of an escalation in the trade war between the worlds 2 largest economies china has been letting its currency slide raising concerns that they could be used as a weapon in the trade standoff with the United States on monday washington designated beijing a currency manipulator its 1st such move in 25 years chinas official communist Party Newspaper responded saying the u. S. Is deliberately destroying International Order that u. S. Announcement came hours after beijing let its currency we can fell 2. 3 percent in 3 days since president declaration that he would be expanding tariffs from september the 1st and beijing says Chinese Companies have also stopped buying u. S. Agricultural products as the trade war intensifies on monday wall street suffered its worst day in 2019 alan fischer with more now from washington d. C. Well donald trump said he was going to call china come see manipulator on his 1st stay in office its taken until now y