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Last week, Chinese equities (FXI)(MCHI) generally lagged behind their U.S. counterparts (SPY)(DIA). U.S.-China tensions ratchet up a notch as political rhetoric turned harsher. Recent media headlines spelled the bearish prognosis of the U.S.-China relationship and reinforced negative sentiment.
Source: CNBC (Published July 26, 2020)
Source: The New York Times (Published July 25, 2020Updated July 31, 2020)
Source: Express.co.uk (Published July 31, 2020)
Meanwhile across Asia, there have been spikes in coronavirus cases, with Australia, India, and Hong Kong reporting record daily cases. Faced