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Asian equity indices and European/US futures have declined to kick off the week in Asia, under some pressure as broad risk off sentiment prevails, volumes are thin with US markets away for Martin Luther King Jr. day.
- Tensions between the Trump administration and China continue to keep pressure on equity markets. The latest spat has seen Trump pledge to restrict licences to several Huawei suppliers which impacted shares in South Korea and Taiwan as markets assessed the impact on chip component makers.
- Indices in China and Hong Kong have bucked the trend, gaining slightly after positive GDP and Industrial Production data from the region.