U.S. Markets open in 5 hrs 30 mins

Hang Seng Index falls after Donald Trump says US-China trade deal could wait until after US elections

Good day traders --

Well, President Donald Trump certainly knows how to give global markets a jolt.

Overnight, he told reporters, "I have no deadline, no. In some ways, I think it's better to wait until after the election with China," Trump said. "I just tell you, in some ways, I like the idea of waiting until after the election for the China deal, but they want to make a deal now and we'll see whether or not the deal is going to be right, its gotta be right."

Meanwhile, adding more gas to the fire, the US House of Representatives overwhelming approved legislation to sanction Chinese officials over alleged human rights abuses against Uygur Muslims in China's northwest. This comes after Beijing's threats over the bill and an earlier one signed by Trump into law supporting Hong Kong protesters. China accuses the US of interfering in its domestic affairs.

So, tensions are growing between the world's two largest economies. Markets here will react. We've got you covered on the main news and moves in Hong Kong and mainland markets.

This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved.

Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.