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Washington The US Navy once again challenged Chinese claims in the South China Sea Thursday, sailing the Arleigh Burke-class guided missile destroyer USS Mustin near the Paracel Islands.
The US Navy has twice sailed warships in a similar effort to challenge Chinese claims to the Paracel and Spratly islands in the last month and carrying out another such operation near the Paracels in March.The increased operational tempo comes amid heightened tensions between Washington and Beijing on a range of issues including the Chinese Communist Party's efforts to exert greater control over Hong Kong and responsibility for the coronavirus.
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Breakingviews - U.S. Senate could shift China risk into overdrive(Reuters Breakingviews) - The U.S. Senate is taking pressure on China to a new level. A bipartisan bill doing the rounds on Tuesday would impose sanctions on Beijing officials and local banks if the country puts into place fresh curbs on Hong Kong. Tensions between the two superpowers are already high. The legislation would bump that up several notches.
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European markets head for positive open but U.S.-China tensions weigh on sentimentEuropean stocks are expected to open higher on Wednesday although U.S.-China tensions are putting a damper on investor sentiment.
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Treasury yields edge lower as US-China tensions cool investor optimismU.S. government debt prices inched higher Wednesday morning as U.S. concerns on new Hong Kong security laws cooled investor sentiment over economic reopening and a possible coronavirus vaccine.
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