Citing sources with the knowledge of the matter, Reuters reports that China is considering the closure of the US consulate in Wuhan in response to the US order to shut China's Houston consulate.
China’s Foreign Ministry, in its earlier statement, had already threatened retaliation, as they cited the US’ move as outrageous.
Also, the US State Department accusing Beijing of stealing the American Intellectual Property (IP) and private information, seems to have not gone down too well with China this time, as it considers a tit-for-tat response.
S&P 500 Futures off the lows
S&P 500 futures are off the two-day lows but still lose 0.45% on a daily basis to hover near 3,240, at the press time.
AUD/USD has also trimmed gains, tracking the negative tone in the US stock futures, now trading around 0.7140.
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