Asian stocks drop as Trump saps risk, dollar gains

Indexes in Japan and Australia fell as did equity-index futures for US stocks in early Asian trading. Both the S&P 500 and Nasdaq 100 tumbled the most in two weeks on Wednesday. The dollar extended its gain while the Mexican Peso and the Canadian dollar slipped. Toyota Motor Corp. and Hyundai Motor Co. were among automakers slumping in Asia. Shares of Ford Motor Co. fell 4.7% in after-market hours trading while General Motors Co. dropped 6.1%. Indexes in Japan and Australia fell as did equity-index futures for US stocks in early Asian trading. Both the S&P 500 and Nasdaq 100 tumbled the most in two weeks on Wednesday. The dollar extended its gain while the Mexican Peso and the Canadian dollar slipped. Toyota Motor Corp. and Hyundai Motor Co. were among automakers slumping in Asia. Shares of Ford Motor Co. fell 4.7% in after-market hours trading while General Motors Co. dropped 6.1%.  Economic Times

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