Asian stocks opened weaker after a reversal in U.S. equities on Friday. Optimism on a China trade breakthrough tempered after White House economic adviser Larry Kudlow downplayed the potential for a quick deal.
– Signs of a housing market downturn in Hong Kong are spreading after the city’s first interest-rate increases in 12 years
– Oil was on track for a sixth day of declines as U.S. sanctions on Iran oil go back into effect on Monday
– The pound jumped on news of further progress in Brexit negotiations
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