Asian shares retreat after Trump approval of Hong Kong bill
BEIJING (AP) — Asian shares were mostly lower on Thursday after President Donald Trump signed a bill expressing support for human rights in Hong Kong.
China reacted with indignation to the legislation, which Congress passed with overwhelming support. The government issued multiple statements threatening unspecified countermeasures.
In Hong Kong, where sometimes violent protest have dragged on for nearly six months, the Hang Seng index edged 0.1% lower to 26,937.64. The Shanghai Composite index lost 0.3% to 2,894.33.
Trump’s move did not come as a surprise. But it’s unclear if the human rights bill, which Beijing views as “meddling” in China’s internal affairs, might derail recent progress in trade talks with Washington.
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