Asian stocks subdued ahead of this week’s trade talks
Japan’s Nikkei 225 (N225) lost 0.3%, while South Korea’s Kospi (KOSPI) fell 0.1%. Markets in Hong Kong and Shanghai were closed for holidays. They will resume trading Tuesday.US futures fell during Asian trading hours. The Dow (INDU) dropped 110 points, or 0.4%. The S&P 500 (SPX) and the Nasdaq (NDX) each declined 0.5%. One reason for cautious trading: The United States and China are expected to meet again this week in Washington for another round of trade talks. Expectations for a breakthrough aren’t exactly high, though. Tariffs are currently scheduled to go up: US tariffs on $250 billion of Chinese goods are set to rise on October 15, to 30% from 25%. And the Trump administration plans to impose 15% tariffs on December 15 on consumer-facing imports from China, including laptops, smartphones and certain footwear and apparel.
