All of the Asian markets are trading in red in early deals on Monday amid worries about escalating trade friction between the US and Canada, who have been unable to agree to a revamped trade deal but will continue negotiating this week. Meanwhile, Japan’s Nikkei fell as renewed trade worries dented risk appetites, while Renesas Electronics tumbled on concerns about how it would finance its announced plan to purchase a US chipmaker.
Nikkei 225 dipped 149.72 points or 0.66% to 22,715.43, Hang Seng dropped 264.63 points or 0.96% to 27,623.92, FTSE Bursa Malaysia KLCI contracted 3.38 points or 0.19% to 1,816.28, KOSPI Index slipped 19.98 points or 0.87% to 2,302.90, Taiwan Weighted declined 89.48 points or 0.82% to 10,974.46, Straits Times crumbled 12.25 points or 0.38% to 3,201.23, Shanghai Composite decreased 25.59 points or 0.95% to 2,699.66, and Jakarta Composite down by 40.13 points or 0.67% to 5,978.33.
