S&P 500 Futures: Flash red as China says responsibility of the situation rests entirely with US

China’s Foreign Ministry, after ordering the US to close its consulate in Chengdu earlier this Friday, blamed the US for the worsening situation between the two countries.

Key quotes

“The responsibility of the situation rests entirely with the US.”

“Current situation is something China does not want to see.”

“Urges the US to revoke its 'wrong' decision.”

“Calls for US to create necessary conditions for return of bilateral relations.”

more to come ...