Asian markets tumble on concern over Trump
May 17, 2017 | 12:39 PM
by Times TV
 
Sharelines

U.S. share futures and the dollar tumble in Asian trade on Wednesday after reports President Donald Trump asked then-FBI Director James Comey to end an investigation into Michael Flynn. Ryan Brooks reports.

Markets and futures tumbling on worries over U.S. President Donald Trump Wednesday (May 17).

U.S. share futures and the dollar tumbled in early Asian trade, after reports Trump asked then-FBI Director James Comey to end an investigation into Michael Flynn.

It's raising questions over whether Trump could face obstruction of justice charges.

And investors are starting to ask whether Trump really can push through the stimulus investors have banked on since his election.

Add to that new but mixed U.S. numbers sparking doubt over the American economy.

S&P 500 mini-futures dropped .5 percent in early trade... Japan's Nikkei also fell almost half a percent.

The White House turmoil also saw currency traders ditch the dollar against a number of currencies, especially the yen.

The dollar dropped half a percent in early trade.

In fact the dollar's index against six major currencies has now fallen so far, it's essentially given up all the gains it made since Trump's election last November.


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