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Asia shares slip on U.S. tax uncertainty, sterling falls on doubts over May

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - Asian shares stepped back in cautious trade on Monday as investors look to see whether U.S. Republicans can hammer out a tax reform deal quickly, while the British pound fell on growing doubts over Prime Minister Theresa May's leadership.European shares are expected to be largely unchanged. Spread betters expect France's CAC and Germany's DAX to open almost flat, while Britain's FTSE is seen rising 0.3 percent from Friday's six-week low.Tokyo's benchmark Nikkei dropped 0.9 percent, bringing down MSCI's Asia-Pacific Index 0.5 percent. Excluding Japan, shares ...

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First Published: Mon, November 13 2017. 12:22 IST
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