China and the Philippines clashed for a second time this week in the disputed South China Sea, escalating tensions despite a recent meeting between their top diplomats. The repeated incident increases near-term geopolitical risk and raises potential disruption concerns for regional shipping and supply chains.
China and the Philippines clashed for a second time this week in the disputed South China Sea, escalating tensions despite a recent meeting between their top diplomats. The repeated incident increases near-term geopolitical risk and raises potential disruption concerns for regional shipping and supply chains.
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mildly negative
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