Asia stocks slip early as U.S.–China trade shock ripples

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)