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In phrases of sector moves round Asia, communication providers was the top performer 12 months-to-date last week whilst health care lagged behind. Whilst it was a comparatively quiet week when it comes to commerce developments, the main focus appears to have shifted to tightening regulations to handle relations. Last week, the US Federal Communications Commission formally designated Chinese telecoms corporations Huawei and ZTE as threats to nationwide security.
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- Looking on the other end of the spectrum, travel & leisure shares have been undoubtedly the losers, impacted dramatically by the pandemic, adopted by banks and oil & fuel.
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- Whilst we are not seeing all-time highs as in the United States in terms of constructive macro surprises, the euro space appears to have now troughed and has reverted sharply.
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