Asia markets to fall on China vow to retaliate against U.S.
Asian markets are set to open mostly lower on Friday as China vowed to retaliate against a U.S. order to close one of its consulates, and the American equity markets fell on gloomy data about its labor market.
Australian S&P/ASX 200 futures lost 0.86% in early trading.
Japan’s Nikkei 225 futures added 0.11%, while the Nikkei 225 index closed the overnight session down 0.58%. Hong Kong’s Hang Seng index futures lost 1.13%.
E-mini futures for the S&P 500 rose 0.12%.
China said the U.S. move to close its Houston consulate this week had “severely harmed” relations and warned it “must” retaliate, after Washington ordered the office closed yesterday in a dramatic escalation of tension between the world’s two biggest economies.
Reference: Reuters
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