Stock market today: Dow, S&P 500, Nasdaq futures fall as US-China trade tensions flare up again

Asian stocks fell on Monday, weighed down by escalating geopolitical tensions and fresh trade friction between the US and China.

Hong Kong’s Hang Seng Index (^HSI) led regional losses, sinking 2.2% as renewed sparring between Beijing and Washington spooked investors.

Markets in mainland China were closed for a public holiday, but a doubling of steel tariffs to 50% due to take effect Wednesday is set to hit markets as they reopen Tuesday.

Elsewhere in Asia, Japan’s Nikkei 225 (^N225) declined 1.4%, South Korea’s Kospi (^KS11) shed 0.3% and Australia’s S&P/ASX 200 (^AXJO) edged down 0.2%.