Stocks in Asia Pacific were set for a mixed start on Monday as U.S.-China tensions continue to heat up.
Futures pointed to a higher open for stocks in Japan. The Nikkei futures contract in Chicago was at 21,945 while its countepart in Osaka was at 21,940. That compared against the Nikkei 225’s last close at 21,710.
Over in Australia, however, shares were set to decline. The SPI futures contract was at 5,877, as compared to the S&P/ASX 200’s last close at 5,927.80.
Tensions between Washington and Beijing are likely to continue being watched by investors, with U.S. Secretary of State Mike Pompeo saying Sunday that U.S. President Donald Trump is set to announce “in the coming days” new actions related to Chinese software companies viewed by his administration as a national security threat.
On Friday, Trump told reporters he will act soon to ban Chinese-owned video app TikTok from the