A potential trade war between the United States and China has kept global markets on edge over the past few weeks, with both governments unveiling tariffs on the other country's imports.
After China announced additional tariffs on 106 U.S. products last Wednesday, President Donald Trump threatened more tariffs on the Asian nation and asked the United States Trade Representative to consider $100 billion in additional tariffs against China.
However, U.S. President Donald Trump appeared to soften his rhetoric over the weekend, tweeting "President Xi and I will always be friends, no matter what happens with our dispute on trade."
With little data due, investors are likely to closely monitor the trade situation. China's foreign ministry said Monday that the U.S. was to blame for the trade friction, adding that it was impossible for talks to occur in this current environment, Reuters reported.