Asia-Pacific markets set for lower open, tracking Wall Street losses after Trump escalates Greenland tariff rhetoric

Asia-Pacific markets were acceptable to unfastened little Wednesday, mirroring overnight losses connected Wall Street aft President Donald Trump escalated rhetoric implicit Greenland, threatening caller tariffs connected countries resisting the transportation of the Danish territory to the United States.

Hong Kong's Hang Seng index futures were astatine 26,341, beneath the benchmark's past adjacent of 26,487.51.

Japan's Nikkei 225 futures pointed to a weaker unfastened for the market, with the futures declaration successful Chicago astatine 52,340 compared to the erstwhile adjacent of 52,991.1

Australia's S&P/ASX 200 started the time 0.32% lower.

Trump said Saturday that exports from 8 European countries would look tariffs of 10% from Feb. 1, rising to 25% by June 1 if talks neglect to present U.S. power of mineral-rich Greenland.

He besides threatened to slap 200% tariffs connected French vino and champagne, pursuing reports that President Emmanuel Macron was unwilling to articulation his projected "Board of Peace." Trump further criticized the U.K., calling its program to transportation sovereignty of the Chagos Islands, which is location to a associated U.K.-U.S. subject base, to Mauritius an "act of large stupidity," citing the determination arsenic further justification for acquiring Greenland connected nationalist information grounds.

European leaders person labeled President Donald Trump's latest tariff threats "unacceptable" and are reportedly weighing retaliatory measures. France is said to beryllium urging the European Union to deploy its strongest economical effect tool, the alleged Anti-Coercion Instrument.

U.S. banal futures roseate somewhat successful aboriginal Asian hours aft large averages saw their worst time successful 3 months.

Overnight successful the U.S., the Dow Jones Industrial Average shed 870.74 points, oregon 1.76%, to extremity the league astatine 48,488.59. The S&P 500 dipped 2.06% to settee astatine 6,796.86. The Nasdaq Composite slid 2.39%, closing astatine 22,954.32. It was the worst league since October for each 3 large averages. U.S. Treasury yields spiked and the U.S. dollar declined arsenic Trump's menace caused a formation from U.S. assets.