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China will not approve current agreement to sell TikTok’s US operations – report

Global Times report

From the Global Times’ Hu Xijin:
Based on what I know, Beijing won’t approve current agreement between ByteDance, TikTok’s parent company, and Oracle, Walmart, because the agreement would endanger China’s national security, interests and dignity.
Hu is a mouthpiece for China so this is a strong hint. It was just starting to look like the US would approve it.
Beijing has decided that the US can pull the plug. They might be angling to punish US companies in response.

Japan ruling party lawmaker says unlikely to propose ban or restriction on TikTok

Comments by Japan ruling party lawmaker Nakayama

But says that a change of ownership of TikTok’s Japan operations is one possible way to address concerns over the app and whether or not it is safe to use.
A coordinated move by US and its allies against Chinese firms could draw further ire from China and that may see tensions escalate i.e. impact the risk mood. For now at least, it is still mostly the Trump administration coming down hard on TikTok and ByteDance.