Markets in Hong Kong and Shanghai were closed for holidays. They will resume trading Tuesday.
US futures fell during Asian trading hours. The Dow dropped 110 points, or 0.4%. The S&P 500 and the Nasdaq each declined 0.5%. One reason for cautious trading: The United States and China are expected to meet again this week in Washington for another round of trade talks. Expectations for a breakthrough aren't exactly high, though. Tariffs are currently scheduled to go up: US tariffs on $250 billion of Chinese goods are set to rise on October 15, to 30% from 25%. And the Trump administration plans to impose 15% tariffs on December 15 on consumer-facing imports from China, including laptops, smartphones and certain footwear and apparel.
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