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London Markets: FTSE 100 drops as investors assess Trump’s immigration ban in the U.S.

U.K. stocks were staging a broad-based decline Monday, as investors assessed what U.S. President Donald Trump’s immigration ban in the U.S. means for the recent so-called “Trump trade” and for businesses world-wide.

The FTSE 100 UKX, -0.84% fell 0.9% to 7,119.46, with only the telecom group showing a gain. The index on Friday rose 0.3%, trimming the loss it notched last week to 0.2%.

President Trump’s executive order this weekend banning citizens of seven predominantly Muslim countries from entering the U.S. was met by two days of protests at airports throughout the U.S. Read:Kellyanne Conway: Chaos at airports after immigration order is a small price to pay

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