U.S. Markets close in 32 mins

President Trump Signs Bill Supporting Hong Kong Protesters Against China's Wishes

Steve Krause

President Donald Trump signed the Hong Kong Human Rights and Democracy Act late Wednesday night, a move that shows solidarity with protesters in Hong Kong and is sure to anger the Chinese government, with whom the president is negotiated a large-scale trade deal that affects the entire market.

“The Hong Kong Human Rights and Democracy Act reaffirms and amends the United States-Hong Kong Policy Act of 1992, specifies United States policy towards Hong Kong and directs assessment of the political developments in Hong Kong,” the White House said in a statement.

The move has already sent futures markets down in after-hours trading, and China expressed concern Monday by saying the legislation was considered "meddling" in Hong Kong domestic affairs and threated "consequences" if President Trump signed it.

0

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.