Asia-Pacific markets set to fall on renewed China-U.S. trade tensions

Asia-Pacific markets were acceptable to autumn Monday, arsenic investors kept an oculus retired for immoderate fallout from the renewed China-U.S. commercialized tensions.

China connected Sunday said "we are not acrophobic of" a commercialized warfare with the United States aft President Donald Trump vowed to enforce punishing caller retaliatory tariffs connected Chinese imports.

A spokesperson for China's Ministry of Commerce accused the U.S. of a "textbook treble standard" with Trump's promise connected Friday to tack connected further 100% tariffs connected those imports aft China imposed caller export controls connected uncommon earths minerals.

The caller argumentation announcements whitethorn awesome that China intends to propulsion for greater concessions from the U.S., Goldman Sachs wrote successful a enactment Sunday. 

Australia's ASX/S&P 200 mislaid 0.66%.

Futures for Hong Kong's Hang Seng Index pointed to a little open, trading astatine 24,968, against the index's erstwhile adjacent of 26,290.32.

Japan markets are closed for the holidays.

In a Truth Social post connected Sunday, Trump suggested to investors the president whitethorn not travel done connected his menace to station a "massive summation of tariffs" connected China. 

That remark connected Friday brought the U.S. commercialized warfare with China backmost to the fore, and sent stocks tumbling successful a rout that wiped retired $2 trillion successful marketplace value.

"Don't interest astir China, it volition each beryllium fine! Highly respected President Xi conscionable had a atrocious moment. He doesn't privation Depression for his country, and neither bash I," Trump wrote. "The U.S.A. wants to assistance China, not wounded it."

On Friday stateside, the 3 U.S. large averages declined. 

Stocks accelerated selling into the close, with the Dow Jones Industrial Average closing down 878.82 points, oregon 1.9%, astatine 45,479.60. The S&P 500 mislaid 2.71% to settee astatine 6,552.51, portion the Nasdaq Composite fell 3.56% to 22,204.43. The broad-based index's diminution was the largest since April 10.