Asian markets remain under pressure following another threat from Trump

Again, President Trump has threatened to increase tariffs on China if the two sides fail to reach an agreement. The threat came at the end of the US session, with US indexes except NASDAQ managing to close in red, in addition due to weak Home Depot reports.

Major Chinese stocks remained down, with Shanghai Composite down 0.28%, Shenzhen Component with minimal changes, and Shenzhen Composite. In Hong Kong, Hang Seng is down nearly 1%.

PBoC lowered interest rates on one-year and five-year loans to 4.15% and 4.8%, respectively.

Japan's Nikkei225 broad index fell 0.69%, while Topix closed 0.51% of its value. The downturns were due to the country's October trade data. Exports fell to 9.2% instead of the expected 7.6%.

ASX200 in Australia fell 1.2% and the financial secondary index fell 1.5%. The shares of the so-called The big four tanks went down significantly: Commonwealth Bank of Australia by 1.67%, Westpac by 2.66%, Australia and New Zealand Banking Group by 1.5%, and National Australia Bank by 1.74%.

The downswing followed news that the anti-terrorism and money laundering regulator had filed a lawsuit against Westpac on suspicion of illegal activity.

Kospi fell 0.81%.

The broad MSCI Asia ex-Japan index fell 0.76%.

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