The lack of economic news in the calendar will direct the attention of Asian investors to the development of the trade war as well as the election results in Turkey (mainly for FX traders).
US President Donald Trump tossed another Twitter bomb late Friday, promising 20% tariffs on imported cars from the EU. The president commented that if the EU does not remove its US State car fares, the US will have no choice but to act.
I expect the automotive sector in Asia to see a decline due to the collapse of auto companies in Europe and the US in the last working hours of last week when the Asian markets were already closed.
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