Search ForexCrunch

China’s Foreign Ministry was out with a statement in the last hour, urging the US to withdraw the Taiwan arms sales plan.

Key quotes:

  • Firmly oppose US arms sale to Taiwan.
  • Will take necessary measures to uphold sovereignty and security interests.
  • The US should stop both arms sales, military contact with Taiwan.

The comments fueled concerns about a further escalation in diplomatic tensions between the world’s two largest economies, albeit did little to influence the market sentiment.