The harsh effect of US “provocation” to China on markets |LOOK

2022-08-02 16:23:47 By : Mr. Gavin Zhu

Asian and European stock markets are down 2% in the morning and US futures are trading down 1% after geopolitical tensions between the US, China and Taiwan escalate.US House Speaker Nancy Pelosi left Malaysia on an official tour of Asia without confirming her next destination, and it is speculated that the Democrat's next stop is Taiwan.It turns out that China considers Taiwan part of its territory and considers a possible visit as a “provocation”, and promises a reaction if the itinerary is confirmed."The United States will bear the responsibility and pay the price for undermining China's sovereignty and security," said Hua Chunying, a spokeswoman for China's foreign ministry.In Brazil, the members of the Monetary Policy Committee (Copom) begin this Tuesday, 2nd, the meeting to decide the course of the Selic rate.The market consensus is for a 0.50 percentage point increase to 13.75% per year*Do you want to receive an alert about the publication of notes from Radar Econômico?Follow us on Twitter and ring the bell.From BRL 9.90/monthFrom BRL 9.90/monthFrom BRL 9.90/monthFrom BRL 9.90/monthFrom BRL 9.90/monthFrom BRL 9.90/monthCopyright © Abril Mídia S A. All rights reserved.This is an exclusive article for subscribers.If you are already a subscriber, enter here.Subscribe to access this and other quality journalism content.This is a closed subscriber story and we have not identified access permission on your account.To try to sign in with another user, click here or purchase a subscription from the offer below- R$ 1 per month.- Access to full digital content until the end of the elections.- Exclusive VEJA content on the website, with 24-hour news and access to the digital edition of the magazine in the app.- Valid until 10/31/2022, without renewal.3 months for R$ 3.00 (Single Payment)Unlimited plan for you who like to follow VEJA's exclusive content daily on the website, with 24-hour news and have access to the digital edition in the app, for cell phones and tablets.Editions of Veja released in the App immediately.from BRL 9.90/month30% discount 1 year for R$82.80 (each month costs R$6.90)