Hong Kong (CNN Business)Asian markets were subdued in early trading Monday, as important parts of the region were closed for public holidays.

Markets in Hong Kong and Shanghai were closed for holidays. They will resume trading Tuesday.

US futures fell during Asian trading hours. The Dow (INDU) dropped 110 points, or 0.4%. The S&P 500 (SPX) and the Nasdaq (NDX) 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.

    Source: http://edition.cnn.com/


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