Shares fall in Europe and Asia and the dollar dips against the yen after immigration curbs introduced by Donald Trump added an extra layer of uncertainty to the economic impact of the new U.S. president's policies.
Anger in Asia over President Donald Trump's immigration order. His 120-day hold on allowing refugees into the country led to a weekend of international outcry. And the move appears to have unsettled investors too. Shares in Asia fell, with Japan's Nikkei down 0.5 percent. MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.4 percent in holiday-thinned trade. Until now, apart from worries about trade his policies have largely boosted stocks. But the divisive nature of this one suggests he also has the ability to rock the boat. (SOUNDBITE) (English) JASPER LAWLER, SENIOR MARKET ANALYST AT LCG , SAYING: "He is very outspoken, shoots from the hip. And all the policies and at least his statements on intended future policy are not all going to be carefully planned and outputted in the traditional way. So that just opens up to sharper price moves in markets. So volatility is generally going to be higher under Trump than it was under Obama, purely for those reasons." Shares fell in Europe too. The pan-European STOXX 600 index dropped 0.8 percent, led by a 1.6 percent fall in resources-related stocks as commodity prices fell. Signs of accelerating inflation in Germany pushed yields on euro zone government bonds higher. And Europe's own political landscape was having an impact too. French 10-year yields hit a 16-month high in early trade after an opinion poll showed conservative election candidate Francois Fillon losing ground.