Global Markets: United States signs legislation in support of Hong Kong

WINNIPEG, Nov. 28 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

– China has told the United States that it would take “firm counter measures” after the U.S. officially supported anti-government protestors in Hong Kong. On Wednesday, U.S. President Donald Trump signed a congressional legislation in support of Hong Kong’s protestors, despite objections from mainland China. The law required the State Department to certify that Hong Kong is “autonomous enough” to require a favourable U.S. trading relationship, according to Reuters. This legislation may further delay an official trade deal between the two countries.

– Two weeks ahead of the United Kingdom’s federal election, leader of the Liberal Democrats Jo Swinson said Prime Minister Boris Johnson has “dragged the office of the prime minister through the mud,” and that he can’t be trusted due to his failure to deliver a clean exit from the European Union by Oct. 31. Johnson has also been criticized for not attending a debate on climate change.

– Approximately 25 Iraqi protestors were killed and an additional 230 were wounded when security forces intervened to disperse the anti-government demonstration in Nasiriya. The Iraqi government fired the new military commander after the eruption of violence, according to Al Jazeera.

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