Asia stocks set to drop as US-China trade war intensifies

Stocks in Asia were set to trade lower on Monday following an escalation in the U.S.-China trade war late last week.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 20,010, while its counterpart in Osaka was at 20,210.

TheShares in Australia were also poised to slip at the open, with the SPI futures contract at 6,400.0, as compared to the S&P/ASX 200's last close at 6,523.10.Investors will watch for market reaction today to a recent escalation in the trade war between Washington and Beijing. U.S. President

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