"It's an all-round blockade against China," said Yuan Yuwei, hedge fund manager at Water Wisdom Asset Management, who said he was bullish on gold and shorting China and Hong Kong stocks as a result.

Kyiv has asked China for an explanation, but so far there has been no response; Meanwhile, regional officials say Russia is close to regaining control of Kursk from Ukraine.

"It's an all-round blockade against China," said Yuan Yuwei, hedge fund manager at Water Wisdom Asset Management, who said he was bullish on gold and shorting China and Hong Kong stocks as a result.

"It's an all-round blockade against China," said Yuan Yuwei, hedge fund manager at Water Wisdom Asset Management, who said he was bullish on gold and shorting China and Hong Kong stocks as a result.

Tokyo | Donald Trump’s sweeping new tariffs have piled pressure on China’s already-squeezed manufacturers, with the new levies not only hitting direct exports but those from Chinese operations ...