· The Dow Jones Industrial Average .DJI fell 84.83 points, or 0.34 percent, to 25,090.48, the S&P 500 .SPX lost 3.07 points, or 0.11 percent, to 2,779.42 and the Nasdaq Composite .IXIC dropped 14.66 points, or 0.19 percent, to 7,746.38.
Wall Street stocks ended lower on Friday, capping a day of heavy trading with investors mostly pulling back from initial concerns over an escalating trade dispute between the United States and China.
· Asian shares retreated on Monday after U.S. President Donald Trump cranked up trade tensions with China by going ahead with tariffs on Chinese imports, prompting Beijing to immediately respond in kind.
MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dropped 0.2 percent in early trade, near its lowest level since May 31. Financial markets in China and Hong Kong will be closed on Monday for Dragon Boat festival holiday.
Japan's Nikkei .N225 slid 0.7 percent as fears of growing protectionism overshadowed stronger-than-expected export data.
Reference: Reuters, CNBC
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