WASHINGTON (Reuters) – Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.
FILE PHOTO: A man wearing protective face mask, following an outbreak of the coronavirus, is reflected on a screen displaying stock prices outside a brokerage in Tokyo, Japan March 6, 2020. REUTERS/Issei Kato
Hong Kong futures HSIc1 fell 1.59% and Nikkei futures NKc1 were trading below the Nikkei 225 index’s .N225 previous close, pointing to opening loss of 0.1%.
Australian S&P/ASX 200 futures YAPcm1 eased 0.13%.
Global equities pulled back after Beijing was set to impose new national security legislation on Hong Kong. The move drew a warning from President Donald Trump, who said the United States would react “very strongly” against it.
The back-and-forth between