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Chinese assets are under pressure today.......>

CHINA: Chinese assets are under pressure today across the board with USDCNH
giving back early losses after failing to break through Friday's lows earlier to
send the pair back to flat. 
- Risk off sentiment has not been helped by the Dec trade breakdown which showed
a 4.4% and a 7.6% y/y drop in exports and imports respectively, which has
outweighed China's stronger than expected trade surplus. 
- Equities are down 1-2% respectively for A shares and H shares, which appear to
be resuming their broader downtrends. 
- Bonds are the odd one out today as they have shrugged off risk off sentiment
to see the 10 year future hit 2 week lows. 

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