US's Mnuchin labels reports of investment restrictions as 'false, fake news'

The US Treasury Secretary rubbished reports that the White House was set to unveil measures against investments in American technology companies by Chinese majority owned-firms specifically, alongside curbs on technology exports to the Asian giant.

Via remarks posted to his account on Twitter, Steve Mnuchin dubbed reports along those lines which had appeared in the Journal and on Bloomberg as "false, fake news".

According to Mnuchin, "the leaker either doesn't exist or know the subject very well. Statement will be out not specific to China, but to all countries that are tying to steal our technology."

Indeed, analysts had already been anticipating such a move on the part of the White House, albeit apparently directed at China.