Asia shares shaken, yen jumps on China-US trade jitters

Nikkei futures pointed to an opening fall of more than 3%, while E-Mini futures for the S&P 500 were trading down 1.2%.

SYDNEY Asian shares seemed set for a turbulent start on Monday as the latest salvo in the U.S.-China trade war shook confidence in the world economy and sent investors steaming to the safe harbour of sovereign bonds and the Japanese yen.

The Chinese yuan was also under pressure in early trade, with the dollar quoted up at 7.1763 and markets braced for more intervention from Beijing to support the currency.