Chinese stocks' early gains were too good to be true...
Shanghai Composite reverses day's gains and now trades in the red, down 0.1%
That's never really a good sign in general. With all the recent trade rhetoric and anticipation of US tariffs set to hit, it was a surprise that Chinese equities held up early in the session when the exact same reason has led to its continuous decline in 2018.
The only positive note is that we're now heading into the lunch break for Chinese markets. Maybe that'd help take some of the pressure off when trading resumes in about an hour from now.