Trump tells Apple to make in US to avoid China levies

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Chinese shares weakened, with the blue-chip index off 0.6 percent while Shanghai's SSE Composite stumbled 0.4 percent.

Ford said last month that it was scrapping its plans to import Focus Actives made in China to sell in the United States because Trump's tariffs would make the cars too expensive.

Apple's AirPods headphones, some of its Beats headphones and its new HomePod smart speaker would also face levies if the current package of $200 billion in tariffs goes ahead as expected in the coming days. Hong Kong's Hang Seng index slipped 0.8 percent.

"Chinese trade data and a ballooning record surplus with the USA over the weekend won't have helped". China's trade surplus with the United States widened to a record in August.

With Ford joining Apple in criticizing President Trump's tariffs, the pressure on the administration to back down and de-escalate the trade war is perhaps greater than ever.

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On the other hand, whatever new iPhone is released will enjoy a sharp launch period sales rank and subsequent revenue spike. The iPhone maker reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.18 by $0.16.

Also weighing on global shares was the prospect of faster rate rises by the Federal Reserve after data on Friday showed USA job growth accelerated in August and wages notched their largest annual increase in more than nine years.

"Markets had some hope that as we got to that deadline there would be some concessions, but there's really escalation", Sean Fenton, director at Tribeca Investment Partners, told Bloomberg Television.

On currency markets the strong United States jobs report added to expectations the Federal Reserve will hike interest rates at least two more times this year, putting further upward pressure on the dollar.

The strong employment report boosted the dollar, which held on to Friday's gains at 95.43.

"Without the tariffs, the business case was pretty solid for that model in the US market", Kim said. The index is up 3.5 percent so far this year.

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Sweden Democrats leader Jimmie Akesson. "I'm afraid we're becoming a society that is more hostile to foreigners". Lofven eventually said Sweden no longer could cope with the influx and immigration laws were tightened.

Market prices are reflected in a glass window at the Tokyo Stock Exchange (TSE) in Tokyo, Japan, February 6, 2018.

Investors will next focus on US inflation for August due Thursday and a stronger number could once again send the dollar surging.

He pointed to the latest fall in China's currency, the yuan, which is now down nearly 9 percent versus the dollar since April. US crude futures were up 44 cents at $68.20 per barrel and Brent crude futures added 52 cents to $77.35 a barrel. Brent crude futures added 48 cents to US$77.31 a barrel.

Spot gold was a tad softer at $1,193.01.

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Ige also urged President Donald Trump to declare a federal state emergency and approve immediate USA federal military help. The County Civil Defence Agency issued an alert saying schools and beaches would be shut as the storm prepares to hit.

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