Asia markets set to open mostly lower as investors assess U.S. court ruling on Trump tariffs

Asia-Pacific markets were poised to unfastened mostly little Monday arsenic investors measure a U.S. federal appeals tribunal ruling that astir of U.S. President Donald Trump's "reciprocal tariffs are illegal."

The U.S. Court of Appeals for the Federal Circuit held Friday ruled that Trump had overstepped his statesmanlike authorization by imposing levies connected virtually each state successful the satellite arsenic portion of his April 2 "liberation day" announcement.

Investors volition besides beryllium assessing the developments successful India and China relations, aft leaders from some countries agreed that they are development partners, not rivals during a two-day gathering of the Shanghai Cooperation Organisation determination information bloc. Chinese President Xi Jinping is expected to present a code astatine the summit.

Investors are besides awaiting the country's August backstage survey manufacturing information that's acceptable to beryllium released today.

Japan's Nikkei 225 was acceptable to unfastened lower, with the futures declaration successful Chicago astatine 42,215 portion its counterpart successful Osaka past traded astatine 42,100, against the index's Friday adjacent of 42,718.47.

Australia's S&P/ASX 200 was acceptable to commencement the time lower, with futures tied to the benchmark astatine 8,912, compared with the index's past adjacent of 8,973.10.

Futures for Hong Kong's Hang Seng index stood astatine 25,319, pointing to a stronger unfastened compared with the HSI's past adjacent of 25,077.62.

Over successful Wall Street, stocks fell Friday arsenic caller ostentation information showed rising prices was inactive a hazard heading into the caller month.

The broad-based S&P 500 ended the time 0.64% little astatine 6,460.26, but inactive scored its 4th winning period successful a row. The Nasdaq Composite shed 1.15% to decorativeness astatine 21,455.55, portion the Dow Jones Industrial Average lost 92.02 points, oregon 0.20%, to settee astatine 45,544.88.

— CNBC's Sean Conlon and Brian Evans contributed to this report.