ASIAN markets closed mixed on Tuesday due to muted movement as US markets were closed on Monday for the Labor Day holiday. However, investors remained concerned over the potential escalation of trade tensions between the US and China, and the stability of emerging market currencies.
On ongoing trade tensions between the two biggest economies, Hussein Sayed, chief market strategist at FXTM, said: "When broad tariffs on steel and aluminium were first imposed in March, it was seen as a cold war that...