Asia-Pacific markets set for subdued open as Trump-EU tensions keep investors jittery

Group 1 - European states are discussing counter-tariffs and broader punitive economic measures in response to U.S. tariff threats, indicating a strain in relations over Greenland [1] - President Trump announced that exports from eight European nations will face a 10% tariff starting February 1, increasing to 25% by June 1 if negotiations fail regarding U.S. control of Greenland [2] - Asia-Pacific markets are trading subdued as investors react to the renewed U.S. tariff threats, with Hong Kong's Hang Seng index futures showing a slight increase [2][3] Group 2 - Japanese markets are under close observation as Prime Minister Sanae Takaichi plans to dissolve parliament and call a snap election on February 8, impacting investor sentiment [3] - The Nikkei 225 index in Japan fell by 0.7%, while the Topix declined by 0.52%, reflecting negative market reactions [3] - U.S. stock futures indicate a downbeat session on Wall Street as tensions regarding Greenland escalate [3]