Wang Yi, senior Chinese diplomat and the Foreign Minister, said on Tuesday that the US politicians are openly playing with fire with the Taiwan issue, as reported by Reuters.

"Those US politicians will come to no good end," Yi added.

Meanwhile, US House of Representatives Speaker Nancy Pelosi's delegation is reportedly scheduled to arrive in Taiwan at around 1420 GMT.

Market reaction

Markets remain risk-averse following these comments and the US stock index futures were last seen losing between 0.7% and 0.9% on the day.