Asia markets set to decline as trade fears heat up
That announcement came amid a protracted trade dispute between the U.S. and China, with both sides having slapped billions of dollars of tariffs on each others goods as the conflict hits an impasse.
"After a volatile month of May for markets, the start of June is unlikely to offer a reprieve as the broadening in US tariff scope over the weekend will have many wondering whether auto exporting countries could be next in the line of fire," Rodrigo Catril, senior foreign exchange strategist at National Australia Bank, wrote in a note.
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