In Asian Equity Markets indices saw losses by Monday, as shares in Hong Kong fell with tensions soaring in the city. Chinese mainland markets fell: The Shanghai composite was down 1.22% and the Shenzhen composite declined 1.61%. The Shenzhen component index fell 1.56%. In Hong Kong, the Hang Seng index was deep in negative territory, declining 2.10% as political turmoil in the city worsened. Sectors across the board tumbled, including property developers, tech, and financial. Japan’s Nikkei 225 reversed early gains to trade down 0.21%. In Australia, the benchmark ASX 200 defied the general downward trend in the region and rose 0.57%.

In Currency Markets the U.S. dollar held near multi-week highs on Monday amid optimism that the United States and China would roll back tariffs that have hurt global growth. Against the Australian dollar the greenback stood just below a two-week peak at $0.6857. Against the New Zealand dollar, it was close to a month high at $0.6336, and likewise against a basket of currencies at 98.358. The greenback stood at $1.1020 per euro and at 109.23 yen. The British pound, whose fate is now closely tied to the outcome of an election set for Dec. 12, edged higher to $1.2795 in Asian trade.

In Commodities Markets oil prices fell on Monday amid renewed doubts over the prospects of a trade deal between the United States and China, while concerns over excess supplies also weighed on the market. Brent crude was down 55 cents, or 0.9%, at $61.96 by 0350 GMT. The contract rose 1.3% last week. U.S. crude was 47 cents, or 0.8%, lower at $56.77 a barrel, having risen 1.9% last week. Trump said on Saturday that trade talks with China were moving along “very nicely,” but the United States would only make a deal with Beijing if it was the right one for America.

In US Equity Markets the three major U.S. stock indexes posted record closing highs and the S&P 500 registered a fifth straight week of gains on Friday as investors brushed aside worries over the progress of U.S.-China trade talks and as Walt Disney shares rose. The S&P 500 gained 0.26%, to 3,093.08 and the Nasdaq Composite rose 0.48%, to 8,475.31. Among decliners on Friday, shares of Gap Inc fell 7.6% after the apparel retailer said Chief Executive Officer Art Peck would leave the company, a surprise exit in the middle of a restructuring. Gap also cut its full-year earnings forecast.

In Bond Markets U.S. Treasury yields held just below three-month highs on Friday as investors evaluated the likelihood that the United States and China would reach a deal to roll back tariffs, as officials made contradictory statements on the issue. Benchmark 10-year note yields rose as high as 1.973% on Thursday on optimism a deal would be reached, the highest since Aug. 1. On Friday, the yields fell to 1.898% on Trump’s comments, before rising back to 1.930%.