Asian stocks began the week largely on the back foot in the wake of trade-war jitters from U.S. moves against Mexico and India to China’s retaliation against American measures. The yen held near a six-month high. U.S. and European futures retreated along with equities in Tokyo and Sydney, though losses were more modest in Hong Kong and China, while Korea eked out gains. The yield on 10-year Treasuries was at 2.12% after slumping from 2.50% at the start of May and JPMorgan Chase & Co. analysts said there’s more downside to come. China implemented tariff hikes Saturday and announced it will take action against “unreliable” foreign companies, with a list of violators pending. Oil slid amid global demand worries, trading near $53 a barrel.-  Bloomberg 

read more