Most Asian stocks fell with U.S. Equity Futures after the latest tariffs kicked in on Chinese goods and data showed further weakness in China’s Manufacturing sector. The Yen edged higher and the Yuan dipped. Japan, Hong Kong and Australia declined, though volumes were depressed. Chinese shares bucked the trend, rising amid words of support from authorities. S&P 500 futures dropped 1% before paring losses, and Treasury contracts edged up. President Donald Trump’s tariffs on $110 billion in Chinese imports came into effect on Sunday, as did retaliatory levies by China. Cash Treasuries won’t trade and U.S. equity markets will be shut for the Labor Day holiday. The US Dollar was steady.
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