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If Australia joins the US in a new cold war against China it will “pay an unbearable price “

China’s Global Times says Australia’s economy “cannot withstand” a cold war with China

Its an opinion piece in the outspoken GT and comes in response to US Republican Senator Rick Scott urging Australia to join the US in a new “Cold War” against China.
Here is the link, there is plenty more of this sort of thing here:
  • Canberra should be mindful of avoiding inappropriate statements from its officials or politicians that may echo what Scott urged. 
  • Due to escalating tensions between the two countries on multiple fronts – such as the Hong Kong affair, a US-led inquiry into the origin of the coronavirus origins, and a travel and study warning – China-Australia relations have been rapidly sliding to near freezing point. 
  • A new Cold War may only further jeopardize the already fragile relations between the two sides.
I wouldn’t think this sort of sentiment is a positive for AUD, yeah? Here is the link to the GT article
China's Global Times says Australia's economy "cannot withstand" a cold war with China 

US stocks close mixed but off highs

NASDAQ index closes at a record level

The US stocks are closing the session with mixed results and well off the highs for the day. Both the S&P index and the Dow industrial average is closing near their session lows.

The NASDAQ index led the way and was the only major indices in Europe or the US to close higher. It also closed at a new all-time record high. Amazon, Microsoft, and Apple all closed at record high levels.

The S&P index and the Dow industrial average fell as financial slumped.  Boeing shares were lower once again falling by 6.14% on the day.
The final numbers are showing:
  • S&P index minus 17.04.4 -0.53% at 3190.14
  • NASDAQ index up 66.595 points or 0.67% at 10020.34
  • Dow industrial average fell -282.31 points or -1.04% at 26989.95/
US major indices close well off the high levels
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