Good indicator of U.S-China relation? [HSBC]

HSBC is a good indicator of US-China relations since its main market is China and Hong Kong. Bank has lost more than half of its market capital since 2018. Now worth only $88bn, from $220bn in 2018 as Hong Kong's revenue accounted for 34% of the group's top line in 2019. Hong Kong share has slid to 9.5% in 1H, w/2Q bearing brunt. 

Twitter from Holger Zschaepitz

Source: https://twitter.com/Schuldensuehner/status/1293056550865719297?s=19