Mexican airport operator ASUR slips as travel hit by US policies

Shares in Mexican airport operator ASUR ASURB.MX fall by as much as 2.8% to a one-month low after reporting a decline in May passenger traffic

ASUR's monthly traffic fell 2% in the month, with the number of international passengers down 3%

Analysts at Actinver attribute the international drop to "negative sentiment toward immigration policies implemented in the U.S."

Marco Antonio Montanez at Vector Analisis also cites "a deterioration in U.S. consumer confidence due to President Trump's protectionist trade policy"

Traffic out of Cancun, a major tourist hub, is slipping as the nearby Tulum airport - run by Mexico's military - ramps up operations, Actinver's Ramon Ortiz adds

ASUR shares slide as much as 2.8% in mid-morning trading, to their lowest in a month, before paring losses to around 1.7%

"We aren't ruling out similar behavior in the share price in the short term," Vector adds