Asia Pacific markets decline amid US-China trade uncertainty [CNBC]
SOFTBANK GRP UNSP/ADR (SFTBY)
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Source: CNBC
Stocks in Asia Pacific slipped in Monday morning trade amid uncertainty on the U.S.-China trade front, after tariffs on Chinese goods were raised last Friday. The Nikkei 225 in Japan declined 0.9% in early trade, with shares of index heavyweight Softbank Group dropping more than 3%. The Topix index also slipped 0.69%. In South Korea, the Kospi fell 0.77%, while Australia's ASX 200 also shed 0.48%. Markets in Hong Kong are closed on Monday for a holiday. Meanwhile, futures pointed to significant declines on Wall Street when they open later on Monday stateside. As of 8:01 p.m. ET Sunday, futures implied an opening drop of more than 200 points for the Dow Jones Industrial Average. Last Friday, shares in mainland China soared despite the U.S. raising tariffs from 10% to 25% on $200 billion worth of Chinese goods. In an interview with Fox News on Sunday , White House Economic Advisor Larry Kudlow said U.S. President Donald Trump and Chinese President Xi Jinping are likely to meet at the up
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