Asia markets are expected to digest political developments in Washington as U.S.-South Korea joint military drills kick off on Monday.

Steve Bannon on Friday became the latest high-ranking official to leave the White House when he vacated the role of President Donald Trump’s chief strategist. Media reports said Bannon’s resignation had been submitted earlier in August, but its announcement had been pushed back due to violence from a white nationalist rally in Charlottesville, Virginia.

While the ouster resulted in a positive reaction in risk assets — major U.S. indexes had fallen sharply last Thursday on rumors that National Economic Council Director Gary Cohn could leave — it will only have a short-lived impact on markets, one expert said.

“From a market perspective … Bannon’s departure doesn’t change Trump’s strong views on immigration, border security and trade protection,” National Australia Bank currency strategist Rodrigo Catril said in a Monday note.

On Wall Street, stocks closed above session lows on Friday after news of Bannon’s departure. The Dow Jones industrial average declined 0.35 percent, or 76.22 points, to close at 21,674.51, the S&P 500 slipped 0.18 percent, or 4.46 points, to end at 2,425.55 and the Nasdaq shed 0.09 percent, or 5.39 points, to close at 6,216.53.

The Trump administration has had a choppy past few weeks, which culminated in the disbanding of two advisory councils comprised of top business executives. Several business leaders from those bodies had resigned before the official dissolution due to the president’s response to Charlottesville.

Back in Asia, markets are also expected to keep an eye on joint U.S.-South Korea military exercises that will take place from Aug. 21 to Aug. 31. The military drills come on the back of a ramp up in geopolitical tensions earlier this month after a heated exchange of rhetoric between Trump and Pyongyang.

Futures suggested little change for Japanese equities at the open. Nikkei futures traded in Chicago were up 0.10 percent at 19,490 while Osaka futures were off 0.05 percent at 19,460. The Nikkei 225 last closed at 19,470.41.

Meanwhile, Australian SPI futures were down 0.77 percent at 5,703 compared to the benchmark index’s Friday close of 5,747.112.

Markets in the Philippines are closed for a public holiday.

In corporate news, there’s interest in telecommunications operator China Unicom, which last week announced plans to raise almost $12 billion in funds as part of mixed ownership reform plans. Shares of the company’s Hong Kong and Shanghai-listed units remained halted from trade as of last Friday and Reuters reports have highlighted confusion over details of one investor, rail construction company CRRC, mentioned in the telco’s plans.

On the energy front, oil prices rose more than 3 percent on Friday on weakness in the dollar and a drop in U.S. oil rigs. Global benchmark Brent crude futures rose 3.3 percent to trade at $52.72 a barrel and U.S. crude climbed 3 percent to $48.51 a barrel, according to Reuters.

Here’s the economic calendar for today (all times in HK/SIN):

• 10:30 a.m.: Thailand second-quarter GDP
• 4:00 p.m.: Taiwan second-quarter export orders

The board of governors of Bank Indonesia, the country’s central bank, will also begin its monthly two-day meeting Monday.