The Shanghai Composite lost 12 points or 0.4% to 2922 by 1:30pm CST. Market participants are cautious of further deterioration in relations between the United States and China, after the Senate unanimously passed the “Hong Kong Human Rights and Democracy Act”. China condemned the move, asking the United States to stop interfering in Hong Kong and Chinese affairs. China also cut its one-year loan prime rate from 4.2% to 4.15% in a move to drive down funding costs and shore up the slowing economy. The Hang Seng lost 193 points or 0.71% to 26899, the Nikkei 225 lost 170 points or 0.73% to 23111 and the Kospi lost 25 points or 1.18% to 2128.