Darryl Chan, deputy chief executive of the Hong Kong Monetary Authority, has stated that as a highly open financial market, the Hong Kong Special Administrative Region will inevitably be affected by the trade war. However, currently, its financial markets are functioning normally.

Chan said that the U.S. reigniting a trade war has not only caused significant volatility in financial markets recently but will also severely impact global economic trade in the long term, which is "certainly not a positive development."