China’s highly influential media outlet, Global Times, carried an editorial-opinion piece on Tuesday, citing that the government is unlikely to approve the agreement between Tik Tok’s parent company ByteDance and Oracle, already approved by US President Donald Trump on Sunday.
Key reasons
“Oracle will have the authority to check the source code of TikTok USA and updates. As the TikTok and Douyin should have the same source code, this means the US can get to know the operations of Douyin, the Chinese version of TikTok.“
“TikTok Global will control the business of TikTok around the world except China. It will block IP from the Chinese mainland to access it. This means the Americans can take control of the global business of TikTok and reject Chinese to access it.”
Market reaction
The above opinion piece is unlikely to bode well for the market sentiment, as it could once again hamper US-Sino diplomatic ties.
At the moment, the Asian equities post losses amid growing coronavirus risks on the global economy. S&P 500 futures also remain on the back foot while AUD/USD drops 0.12% to 0.7212, courtesy of the comments from the Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle.
- Breaking: AUD/USD slammed on RBA Deblle FX intervention remarks
원저자가 모두 저작권을 보유한 FXStreet에서 재 인쇄 함.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.