Amid the Pacific major’s tussle with China, Australia shows readiness to offer Tiananmen-style visas to Hong Kong residents currently in the nation, per the Sydney Morning Herald. The news also mentions that the move comes up as the federal cabinet considers tearing up an extradition treaty with the Chinese territory. Key quotes The move will mark the most significant offer to Chinese migrants from an Australian Prime Minister since Bob Hawke offered 27,000 students in Australia places following the Tiananmen Square massacre in 1989. Scott Morrison will on Wednesday night assess cabinet proposals to provide safe haven to thousands of students and other temporary migrants from Hong Kong already in Australia. Cabinet will also examine ways to bolster skills and investor stream places for those looking to leave Hong Kong after Beijing introduced extraordinary new national security laws that will criminalize dissent in the former British colony. Hong Kong’s newly established National Security Office on Wednesday occupied a major hotel that towers above Victoria Park, a popular protest site, and replaced the Metropark Hotel’s icon with China’s national emblem. Market implications The move could spark fresh risk-off sentiment if China chose to retaliate, which it most likely be. However, no immediate reaction could be witnessed as the AUD/USD pair stays unchanged around 0.6980 while keep attacking 0.7000 for the fourth time in a week during Thursday morning in Asia. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US budget deficit was $2.7 trillion in the first nine months of fiscal year 2020 – CBO FX Street 3 years Amid the Pacific major’s tussle with China, Australia shows readiness to offer Tiananmen-style visas to Hong Kong residents currently in the nation, per the Sydney Morning Herald. The news also mentions that the move comes up as the federal cabinet considers tearing up an extradition treaty with the Chinese territory. Key quotes The move will mark the most significant offer to Chinese migrants from an Australian Prime Minister since Bob Hawke offered 27,000 students in Australia places following the Tiananmen Square massacre in 1989. Scott Morrison will on Wednesday night assess cabinet proposals to provide safe haven to thousands of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
