All of the Asian markets are trading in red in early deals on Monday after the latest US move to place a further tranche of tariffs on Chinese goods. US President Donald Trump will soon place tariffs on $200 billion more of Chinese goods, even as officials worked to iron out tensions between the world's two largest economies. Meanwhile, Hong Kong shares declined following a severe typhoon over the weekend and under the long shadow of the US-China trade dispute. The markets in Japan and Malaysia closed for the Respect for the Aged Day and Malaysia Day holidays, respectively.
Hang Seng declined 429.83 points or 1.60% to 26,856.58, Taiwan Weighted dropped 53.38 points or 0.49% to 10,814.76, Straits Times dipped 20.71 points or 0.66% to 3,140.71, KOSPI Index slipped 19.71 points or 0.86% to 2,298.54, Jakarta Composite contracted 103.93 points or 1.78% to 5,827.35, and Shanghai Composite down by 28.49 points or 1.07% to 2,653.15.
