Hong Kong activist Nathan Law crossed wires, via Reuters, during the early Friday morning in Asia. The human rights activist not only registers angst against Chinese security law but also urged global leaders to help to get justice.
Key quotes
Many Hong Kong businessmen and professionals are seriously considering leaving Hong Kong due to China’s crackdown.
The world should review Hong Kong’s privileges now its autonomy is effectively over.
China’s national security law ends the ‘one country, two systems’ principle agreed with Britain in 1984.
The world should prioritize human rights over financial gain when dealing with China, Hong Kong.
Chinese President Xi should step down and make way for a leader who treats the people properly.
The protests in Hong Kong have been a window for the world to recognize that China is getting more and more authoritarian.
Law called on the international community to put human rights above the financial interests of trading with the world’s second-largest economy and to ‘multilaterally deal with the China issue in a more assertive way.’
FX implication
The comments follow repeated attacks on Chinese law from the US, which in turn keeps the risk of the US-China tussle on the table. As a result, the recent weakness in Antipodeans and other risk-barometers, like commodities stocks and bonds, might extend during the active hours.
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