The dol­lar de­clined with Asian stocks

The Star Early Edition - - TRUMP FOCUS -

as traders di­gested the ten­sions sparked by Don­ald Trump’s ex­ec­u­tive or­der halt­ing some im­mi­gra­tion, a move that has ig­nited op­po­si­tion from world lead­ers. Bonds rose with gold. The green­back weak­ened against most of its ma­jor peers, trad­ing near the low­est lev­els in two months. Stocks in Ja­pan and Aus­tralia dropped with S&P 500 in­dex fu­tures, while mar­kets in Hong Kong, China, Malaysia, Korea, Sin­ga­pore, Tai­wan and Viet­nam were among those closed for hol­i­days. Aus­tralian 10-year bonds climbed and gold ad­vanced for a sec­ond day. Oil dropped be­low $53 (R719) a bar­rel. Trump’s or­der halt­ing im­mi­gra­tion from seven pre­dom­i­nantly Mus­lim na­tions drew crit­i­cism.

PHOTO: BLOOMBERG

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