Asia set to decline ahead of increased US tariffs on China
Stocks in Asia rose in Friday morning trade, despite increased U.S. tariffs on Chinese goods due to kick in later in the day.
The Dow Jones Industrial Average fell 138.97 points to close at 25,828.36 while the S&P 500 declined around 0.3% to finish at 2,870.72. The Nasdaq Composite shed 0.41% to close at 7,910.59. "With the Friday deadline looming, President Trump is still keeping the market guessing," Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, wrote in a note.
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