Asia Subdued Following Bannon Departure As US-South Korea Military Drills Begin

Asia markets were subdued in early Monday trade as investors digested political developments in Washington while US-South Korea joint military drills kicked off.

Japan's Nikkei 225 slid 0.12 percent as gains in oil stocks was offset by softness in most automakers and technology names. Across the Korean strait, the Kospi was off 0.07 percent in early trade.

Down Under, the S&P/ASX 200 declined 0.60 percent, with weakness in the health care and utilities sub-indexes leading losses. The heavily-weighted financials sub-index traded lower by 0.76 percent.

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