American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
Asian equity markets kicked off the week on a strong footing following record highs on Wall Street and as attention turned to the region's corporate earnings season.
Australia's rose to a new five-year high, Japan's Nikkei jumped over 2 percent while South Korean stocks were both modestly higher. In China, the Shanghai Composite managed to reverse earlier losses to enter positive territory.
A 64-point rise in Dow stock futures also underpinned gains in Asia.
(Read more: A central-bank weekfor Asian markets)
US gains support
Asian investors took their cues from a strong handover from Wall Street, where the ended at 1,759 points on Friday, a fresh record high. U.S. data is in focus after consumer sentiment slid to to 73.2 in October, its lowest level since December 2012.
(Read more: S&P 500 maystill have further 15% upside)
Caution may set in ahead of the U.S. Federal Reserve's policy-setting meeting this week. Most market watchers expect the central bank to hold off on any reduction in its $85-billion-a-month bond-buying program until next year, which will likely add pressure on the U.S. dollar index.
(Read more: Dollar braces for dovish Fed, gloomy US data)
"In any case, the Fed will probably consider it way too premature to initiate 'taper' just yet. As such, we expect this week's FOMC to be uneventful," said Vishnu Varathan of Mizuho Bank.
Nikkei rallies 2.2%
Japan's benchmark index enjoyed a strong rebound from a two-and-a-half-week low hit on Friday as the yen moved closer to the 98 handle against the greenback.
Top steelmaker JFE Holdings slid 1.3 percent after leaving its full-year profit forecast unchanged last week while telecommunications firm KDDI and construction equipment maker Komatsu climbed 3 and 2.6 percent, respectively before reporting quarterly earnings later in the day.
Mitsubishi Motors jumped 4 percent after announcing that it plans to raise around $2 billion in a public share offering as early as January.
Mizuho Financial rose 2.4 percent following weekend reports that the lender plans to punish several senior executives for failing to take responsibility for loans to organized crime groups. Mizuho said later that the chairman of its banking unit resign while its president will take a six-month pay suspension following the scandal
Sydney up 1%
Australian equities closed at their highest level since 2008 thanks to strong gains in financials.
"I see the momentum continuing this week however, the price action leads me to believe the market is starting to be priced to perfection and the momentum may turn post-bank earnings reports," said Evan Lucas, market strategist at IG in a morning note.
Australia and New Zealand Banking led gains by nearly 2 percent while National Australia Bank and Commonwealth Bank of Australia closed up over 1 percent each before releasing earnings later this week.
Macquarie added 1.5 percent as it plans an aggressive push into the home mortgage sector.
Rio Tinto increased 1 percent after agreeing to sell its 50.1 percent stake in its Clermont Mine to GS Coal, a company jointly owned by Glencore Xstrata and Sumitomo.
China's benchmark index reversed losses to cross 2,130 points but still traded within sight of Friday's seven-week low, weighed down by steep declines in resource stocks as as investors engaged in profit taking.
(Read more: Chinese stocks: Timeto take profit?)
Yangquan Coal and Lu'An Environmental Energy fell over 3 percent each despite Brent crude snapping a four-day losing streak.
Financials are in focus after China Construction Bank's third quarter net profit increased by a lower-than-expected 9.4 percent, its weakest growth in five years. CCB shares ended flat percent while mid-tier lender Minsheng Bank fell 1.1 percent.
Data over the weekend showed an 18.4 percent annual jump in profits for Chinese industrial firms in September but that figure was slower than the 24.2 percent jump seen in August.
Kospi rises 0.7%
But a stronger currency capped gains on the Kospi. The traded at 1,060 per dollar, close to the nine-month high of 1,055 it hit against the greenback earlier this month.
In earnings news, KB Financial fell 1 percent despite announcing that its July-September operating profit rose an annual 5.1 percent while SK Hynix jumped 1.5 percent before reporting third-quarter results Tuesday.
Indian shares close at 1-1/2 week low
Indian shares fell on Monday for a fifth consecutive session to mark their lowest close in nearly 1-1/2 weeks, as lenders and other interest rate-sensitive shares declined ahead of the central bank's monetary policy review on Tuesday.
State Bank of India Ltd. provisionally fell 2.7 percent, while DLF Ltd. ended 3.6 percent lower.
The benchmark index provisionally fell 0.5 percent, falling for a fifth straight session after hitting a string of near-three year highs last week.
The broader NSE index closed down 0.55 percent.
—Reuters contributed to this report