US-China; Hong Kong troop rotation; "People'…

Ministry of Commerce spokesman Gao Feng’s comments about holding off on further retaliation towards US tariffs excited markets this morning. I am not sure Gao’s comments signal any softening, and maybe the recent RMB drop has mitigated the short-term need for another response from Beijing, but when things look so dark any slight glimmer of hope gets magnified, especially in the days before a major US holiday (Labor Day) when most traders are on vacation and market volume is usually light.

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