Hong Kong — Asian stocks posted their biggest drop in two weeks on Wednesday as growing doubts about Donald Trump’s economic growth agenda prompted investors to dump risky assets and to rush to safe havens such as gold and government bonds. Equity markets across the region were a sea of red in opening trades and the Australian dollar nursed heavy losses as funds took profits into a two-week long rally. "Asian stocks have had a good run so this is a good excuse to take some money off the table though there is plenty of cash waiting on the sidelines to be invested if the sell-off intensifies," said Alex Wong, a fund manager at Ample Capital in Hong Kong, with about $130m under management. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.3% in early trade, its biggest intraday percentage fall since March 9. In the previous session, it hit its highest level since June 2015. Japan and Australian stocks led regional losers. Despite the early tumble, some investors such as...
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