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Markets suffer Trump letdown

Doubts grow over US president's ability to advance economic agenda

TOKYO -- Doubt has gripped global markets as U.S. President Donald Trump's economic policymaking appears to lose steam, sending the yen to a roughly four-month high against the dollar and dealing setbacks to shares in exchange-rate-sensitive Japanese exporters.

More than nine in 10 of all first section issues on the Tokyo Stock Exchange declined Wednesday, and the Nikkei Stock Average closed down 414 points, or 2.1%, at 19,041 -- its steepest drop since Trump's election.

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