China trolls United States ‘double standards’ amid George Floyd protests

US President Donald Trump

Singapore gained 1.9% and Bangkok rose 0.6%.

The decision has alarmed foreign governments and prompted the U.S.to threaten retaliation, including Friday's announcement that it would "begin the process" of eliminating the policy exemptions that allow America to treat Hong Kong differently than the mainland.

He added that the two sides can "properly handle any problem through negotiations".

Trump announced that the U.S. was "terminating" its relationship with World Health Organization on 29 May after he accused the United Nations agency of a pro-China bias.

The tweet was a reference to double standards over the Hong Kong protesters, who received praise from USA lawmakers as China repeatedly condemned them for acts of vandalism, arson and throwing petrol bombs at police.

"Uncertainty over the reopening of the USA economy from the coronavirus-driven lockdowns, coupled with trade tensions and violent protests in major cities across the country is a worrisome combination for markets", said David Trainer, CEO of investment research firm New Constructs.

But Hong Kong shares surged more than 3 percent on Monday as investors took comfort that Trump did not immediately end the special U.S. privileges.

By Monday morning, "U.S".

Ahead of the opening bell in NY, drug maker Pfizer fell 6.7% in off-hours trading. German markets were closed for a holiday. Its shares rose almost 9% after it said it would be opening stores in coming weeks in response to loosening government lockdowns.

States across the country were reopening their economies, while protests against the killing by police of unarmed black mam George Floyd swept across dozens of cities.

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"Markets are assuming it won't last".

'Better give up that dream and come back to reality, ' it said. "Too soon to tell". Gold futures edged down 0.54%.

The potential law has concerned pro-democracy advocates, and as Feng noted, "legal scholars question whether Beijing has the authority to impose this law on Hong Kong".

Hong Kong's Hang Seng Index jumped more than three percent, having spiraled last month after China proposed the new law which some fear could lead to the end of the city as a key financial hub.

Sen. Ben Sasse (R-Neb.) has announced a plan to introduce new legislation this week to automatically grant asylum to people in Hong Kong.

Organizers handed in the petition to Luo Huining, director of the Liaison Office of the Central People's Government in the Hong Kong Special Administrative Region (HKSAR) on Monday afternoon.

"U.S. politicians call riots in other countries 'a attractive sight, ' they ignite flames everywhere and wish the world to be in chaos", state broadcaster CCTV said separately in a commentary Saturday. -China tensions, which has helped create strong demand for secondary listings from Chinese companies that are already listed in the U.S., Mr. Hennecke said.

May manufacturing expanded in China.

In Seoul, the Kospi in Seoul added 1.7% to 2,065.08.

Markets are boosted by relief that the US hasn't taken tougher measures, which could potentially have devastated the Hong Kong economy and had wider regional effects, according to Alex Au, managing director at Alphalex Capital Management, a hedge fund based in Hong Kong.

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