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Asia to trade cautiously as US-China trade war dominates market focus

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The United States and China are working to sign what the White House has described as a 'phase one' trade deal.

Asia Pacific markets were set to trade cautiously on Monday, with Nikkei futures pointing to a fractionally higher open in Japan.The ongoing trade war between the United States and China is set to take the spotlight this week.

Citi analysts said even if some of the tariffs are rolled back, frictions between the U.S. and China will still remain.Kazuhiro Nogi | AFP | Getty Imagesfutures pointing to a fractionally higher open in Japan.

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