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As the last settlement day of the May contract, investors rushed to close out their trade positions on Monday, pressing down the prices. The June contract was down 11.9 percent at 22.06 dollars.

As protests over the death of George Floyd have waged on in the United States, an interesting pattern has emerged among some of the country's politicians: That being, the more a given senator or office holder actively supported unrest and chaos in Hong Kong, the more they seem to paradoxically and even aggressively oppose the same phenomenon in their own country. While claiming to show support and solidarity for events in the Chinese city, vocal senators such as Tom Cotton, Joshua Hawley, Marco Rubio and others have all called for assertive action in tackling America's unrest, the same of which they would have been to slam as oppression and tyranny in Hong Kong.

As the world's largest developed country and the largest developing country, the United States and China also need to negotiate a new trade deal, covering issues including the steel and aluminum industries, investment, State-owned enterprises and intellectual property rights, according to Bown.

As the tech revolution continues to grip the globe, major bourses across Asia have been flexing their muscles and priming the pump with dramatic shakeups of their listing protocols to embrace technology enterprises and get them to the trading floor.

As the reform began well, Wang further developed it by establishing a bidding system in which all employees could bid for construction projects or contract work on the farm.