US Treasury Reviews Sanctions on Chinese Individuals and Companies Related to Hong Kong Security Law (Comprehensive)

[Image source=Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] Reports have emerged that the U.S. government is weighing the possibility of large-scale sanctions against Chinese government officials, companies, and financial institutions involved in pushing the Hong Kong National Security Law. Following these reports, the New York stock market saw a slowdown in its late gains, reflecting growing caution over U.S.-China tensions.

Bloomberg News reported on the 26th (local time) that the U.S. Treasury Department is considering the possibility of sanctions against Chinese officials and companies.

The news agency cited sources saying that discussions are underway within U.S. government agencies, but no final decision has been made yet.

Regarding this, a Treasury Department official declined to comment, the report added.

After the report was released, the previously strong upward trend in the New York stock market weakened. On that day, the Dow Jones Industrial Average showed strength by surpassing the 25,000 mark during trading, but after the report, the late-session gains narrowed before the market closed.

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