Asian equities opened on the back foot Monday after renewed U.S.–China tariff threats rattled sentiment. Chinese indices dropped ~1.3%, Hong Kong’s Hang Seng fell over 2%, while markets in South Korea and Taiwan also saw losses. Wall Street futures, however, posted gains, hinting at mixed risk appetite. The volatility is being driven by concerns over rare earth export curbs and the scale of U.S. response. (FT)

Oil prices rebounded roughly 1% early Monday after steep losses pushed benchmarks to five-month lows. Brent rose $0.87 to $63.60, WTI gained similarly to $59.77. The bounce reflects hopes for a Trump–Xi meeting to defuse U.S.–China trade tension after both sides escalated tariffs and export controls. Analysts caution that volatility may persist as markets digest policy signals and macro data. (Reuters)

US stock futures jumped overnight after President Trump assured markets that his 100% China tariff plan was temporary and negotiable. Dow futures rose over 400 points, while Nasdaq futures gained 1.8%, signaling risk recovery ahead of Asia’s open. The move eased concerns over trade escalation that rattled investors last week. Analysts expect short-term volatility but limited downside if talks resume between Washington and Beijing. (MarketWatch)