Asian markets ended mostly in red on Monday as Beijing cancelled upcoming talks with the Washington and a new round of tariffs between China and the United States came into effect, ending hopes of a resolution to the trade dispute. Washington had announced 10 percent duties on $200 billion of Chinese imports, which prompted Beijing to respond with tariffs on $60 billion of US goods. On Friday, the Wall Street Journal reported that China had called off planned trade talks with the US in the wake of a new round of duties. Meanwhile, trading activity was subdued as markets in Japan, South Korea, China and Taiwan were closed for public holidays.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | - | - | - |
Hang Seng | 27,499.39 | -454.19 | -1.65 |
Jakarta Composite | 5,882.22 | -75.52 | -1.28 |
KLSE Composite | 1,800.17 | -10.47 | -0.58 |
Nikkei 225 | - | - | - |
Straits Times | 3,219.16 | 1.48 | 0.05 |
KOSPI Composite | - | - | - |
Taiwan Weighted | - | - | - |
