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The US?stock market continued its gradual rebound from a plunge that lasted almost the entire month of October, and many of the biggest gains Thursday came from stocks that struggled badly last month like chipmakers and other technology companies and smaller, domestically-focused companies.

The US central bank also indicated that the asset purchases will foster smooth market functioning and create accommodative financial conditions, while supporting the flow of credit to households and businesses. Coupled with the low interest rate, the asset purchases aim to increase support for the US economy amid the surging coronavirus outbreak.

The US has, without regard to international law and basic norms governing international relations, time and again interfered with Hong Kong affairs — which are China's domestic affairs — and disrupted the law-based governance of the SAR Government, said the statement. The Commissioner's Office has lodged stern representations with the US Consulate General in Hong Kong, urging the US side to immediately cease erroneous remarks and actions, and avoid going further down the wrong path.

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The US administration, and Trump himself, have since tried a number of times to walk the comments back, said Politico.

The US-South Korea war games, code-named Foal Eagle, kicked off on April 13 and would last till the end of the month. It was denounced by the DPRK as a rehearsal for northward invasion.

The United Nations Security Council meets to discuss imposing new sanctions on North Korea, in New York, US, Dec 22, 2017. [Photo/Agencies]

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The US Trade Representative on Friday put China, Canada and dozens of other countries on the watch list of a report that highlights intellectual property issues with US trade partners.

The US is attempting to stir up troubles in the waters where the situation has cooled down, Geng said, adding that the warship's intrusion showed "who is exactly the one that does not want to see sustained stability in the South China Sea, and who serves as the biggest factor in the 'militarization' of the South China Sea".

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The US Federal Reserve has slashed interest rates to encourage spending and investment. The result has been record-low mortgage rates and lower interest rates on credit card debt.

The US ranked second, after Japan, in gross merchandise volume among countries and regions selling to China.