Across the region, Southeast Asian markets ended lower on Monday, tracking a broader Asian sell-off as the United States and China slapped retaliatory tariffs on each other over the weekend in further escalation of a protracted trade war.
Though both countries sought to ease trade war tensions on Monday, with Beijing calling for calm and U.S. President Donald Trump predicting a deal, local markets seemed to shrug off the optimism.
Washington on Friday added an extra 5% duty on about $500 billion worth of Chinese goods, retorting the Chinese imposition of an extra 10% tariff on $75 billion worth of U.S. goods earlier that day.