China’s foreign ministry was out with some comments in the last hour and said that conflict with Indian troops resulted in casualties.
Additional quotes:
- Reaffirms that dispute with India should be resolved via dialogue.
- Maintains that India is the one that violated the consensus on 15 June.
The comments helped ease concerns about a further escalation of geopolitical tensions and remained supportive of the upbeat market mood. This was evident from gains of over 0.5% for the S&P 500 index futures.
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