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Asia shares down on caution over US tax reform plan, sterling falls

Reuters  |  TOKYO 

By Hideyuki SanoTOKYO (Reuters) - Asian shares stepped back in cautious early trade on Monday as investors look to see whether U.S. Republicans can hammer a tax reform deal quickly, while the British pound fell on growing doubts over Prime Minister Theresa May's leadership.MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.15 percent while Tokyo's benchmark Nikkei dropped 0.7 percent.By Friday's close on Wall Street, the S&P 500 index had snapped an eight-week winning streak as investors took profits after U.S. Senate Republicans had unveiled a new tax plan that differed from ...

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First Published: Mon, November 13 2017. 08:54 IST