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Asia stocks set to trade lower amid trade uncertainty

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Stocks in Asia were set to trade lower on Tuesday following negative trade developments overnight.

The Cboe Volatility Index, which is regarded as a top fear gauge in the market, rose to 14.3 from 12.6.

Manufacturing activity in the U.S. continued to contract last month, the Institute for Supply Management said Monday. The ISM ManufacturingMeanwhile, uncertainty remains on the trade front. U.S. PresidentInvestors have been monitoring developments on trade negotiations between Washington and Beijing in anticipation of an elusive "phase one" deal being reached between the two parties. If no agreement is reached by Dec. 15, additional tariffs on Chinese goods exported to the U.S.

 

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