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U.S. tax cut worries derail hopes of longest winning run in 14 years

Reuters  |  NEW YORK 

By David RandallNEW YORK (Reuters) - Broad equity market declines in Asia and Europe on Thursday, combined with growing concerns that the Republican-led U.S. corporate tax cut may not pass this year, spoiled the longest winning streak for MSCI's global stock index since 2003.Wall Street stocks extended losses, pushing down the benchmark S&P 500 Index as much as 1 percent, after Republican Senator Bill Cassidy, a member of the U.S. Senate Finance Committee, said the Senate tax proposal will delay a corporate tax cut by one year to 2019. Major stock indexes came off their session lows after ...

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First Published: Fri, November 10 2017. 02:58 IST