Hong Kong’s stock markets extended declines after Donald Trump announced JD Vance, who is hawkish on China, as his running mate on Monday.
Vance, a junior senator from Ohio, has called for the US to stop sending aid to Ukraine in order to “focus” on China.
“To be strong enough to push back against the Chinese, we’ve got to focus there, and right now, we’re stretched too thin,” Vance told Fox News in April.
Hong Kong’s Hang Seng index shed 1.4 per cent while mainland China’s benchmark CSI 300 dropped 0.1 per cent. Japanese equities rose in early trading.
Bitcoin extended gains as it added 1.6 per cent while Asian currencies weakened against the dollar.
