Stock markets in Asia-Pacific retreated on the first trading day of June, while oil prices slipped and haven assets gained as trade tensions between the US and China escalated. Over the weekend, China released a report on the state of US trade talks, criticising Washington for “exorbitant demands” and for “resorting to intimidation and coercion”. Separately, China’s commerce ministry said it would compile a list of “unreliable” foreign companies, while state media said the country would investigate FedEx for allegedly “undermining the legitimate rights and interests of Chinese clients”. Jap...