· U.S. stocks fell on Friday after reports that the Trump administration was considering delisting Chinese companies from U.S. stock exchanges, raising worries about a further escalation in the U.S.-China trade war.
The move would be part of a broader effort to limit U.S. investment in Chinese companies, sources told Reuters.
The Dow Jones Industrial Average .DJI fell 70.87 points, or 0.26%, to 26,820.25, the S&P 500 .SPX lost 15.83 points, or 0.53%, to 2,961.79 and the Nasdaq Composite .IXIC dropped 91.03 points, or 1.13%, to7,939.63.
High-level trade talks between Washington and Beijing are scheduled for Oct. 10-11, before the start of the U.S. third-quarter earnings season.
· European shares traded higher on Friday as cautious optimism returns to markets over the state of U.S.-China trade relations, though gains may remain capped by escalating political uncertainty in the United States.
The pan-European Stoxx 600closed provisionally up around 0.42% during trade, with basic resources adding 1.6% to lead gains as the majority of sectors traded in positive territory, while utilities slipped 0.4%.
· Asia stocks traded lower Monday morning as investors await the release of the China Purchasing Managers’ Index expected later today.
In Japan, the Nikkei 225 slipped 0.36% as shares of index heavyweight and conglomerate Softbank Group plunged 2.99%. The Topix also shed 0.54%.
South Korea’s Kospi also declined 0.14%. Australia’s S&P/ASX 200 traded largely flat as the sectors were mixed.
Overall, the MSCI-Asia ex-Japan traded 0.1% lower.
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