Asia-Pacific markets were set to open lower Tuesday, breaking ranks with gains on Wall Street after U.S. President Donald Trump softened his stance on China.
Following a slew of tit-for-tat trade restrictions and heated exchanges, Trump said “Don’t worry about China, it will all be fine!” in a Truth Social post Monday.
China has slapped fees on U.S. ships for docking at its ports, in retaliation for similar charges imposed by Washington on Chinese ships. Both fees are scheduled to kick in today.
Japan’s benchmark Nikkei 225
index was set for a lower open, with its futures contract in Chicago trading at 47,235, and its counterpart in Osaka at 46,980, against the index’s Monday close of 48,088.8.
