Global Markets
China Rejects U.S. Meddling Claim, Avoids Escalation
724FinanceKemal Tekin

Chinese officials dismissed the U.S. election interference allegation as baseless. Analysts noted Beijing was seeking to preserve fragile détente. The U.S. trade war with China could heighten volatility risks for Asia-Pacific markets in Q1 2024. China's $1.25 trillion foreign debt is offset by the U.S.'s $230 billion trade surplus. With the BOJ due to announce policy on November 26, markets are watching for potential spillover effects from China's economic slowdown.