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Early Monday morning in Asia, Reuters came out with the news while taking excerpts from the CBS’ “Face the Nation” interview of White House National Security Adviser Robert O’Brien. The Trump administration member alleges Beijing for meddling into the Presidential election.

Key quotes

Chinese government-linked hackers have been targeting U.S. election infrastructure ahead of the 2020 presidential election.

They’d like to see the President lose.

China – like Russia, like Iran – they’ve engaged in cyberattacks and phishing and that sort of thing with respect to our election infrastructure, with respect to websites and that sort of thing.

O’Brien said the United States had seen hackers try to infiltrate websites belonging to Secretary of State offices around the country, which are responsible for administering elections at the local level, and collecting data on Americans.

It is a real concern and it’s not just Russia.

There will be severe consequences for any country that attempts to interfere in our free and fair elections.

FX implications

The news adds to the already tense relations between the US and China. The same increases the market’s rush to risk-safety and weighs on S&P 500 Futures. The risk barometer drops 0.27% to 3,338 by the press time.