· The Dow Jones Industrial Average .DJI was essentially flat, ending the session at 24,715.09, the S&P 500 .SPX lost 7.16 points, or 0.26 percent, to 2,712.97 and the Nasdaq Composite .IXIC dropped 28.13 points, or 0.38percent, to 7,354.34.
The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks.
All three major U.S. stock indexes posted a weekly loss as the markets reacted to reports from the U.S.-China trade summit, rising U.S. government bond yields and increasing oil prices.
· U.S. stock futures jumped on Monday as U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is “on hold” after the world’s two largest economic powers agreed to drop their tariff threats while they work on a wider trade agreement.
S&P mini futures ESc1 rose 0.6 percent in early Asian trade on Monday.
· Asian markets were subdued in early Monday trade, with weekend developments in U.S.-China talks, regarded as positive by analysts on the whole, likely to be in the spotlight.
· Japan's Nikkei 225 edged up by 0.13 percent in early Monday trade. The Topix dipped in and out of negative territory, with declines seen in insurers and steelmakers while mining sector stocks climbed.
· Over in South Korea, the Kospi slipped 0.26 percent, with declines in the technology sector and steelmakers contributing the overall losses. Similar declines were seen Down Under, with the S&P/ASX 200 shedding 0.24 percent as financials weighed.
Reference: Reuters, CNBC
Thai
Eng