US-Iran tensions derail New Year rally
ASIAN equities were on track for a strong closing to the week after a buoyant Thursday session on Wall Street where stocks in Apple, Alphabet and Nike all hit new highs.
Risk assets were also being supported by a more accommodative policy from China's central bank and the impending signing of a "Phase One" trade deal on Jan 15.
But all that changed when US President Donald Trump threw the first curveball for the year by ordering an attack in the Iraqi capital on Qasem Soleimani, the general of the Revolutionary Guards' Quds.
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