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Sterling gets market's vote, stocks cold shouldered

Reuters  |  SYDNEY 

By Wayne ColeSYDNEY (Reuters) - Sterling stole centre stage in Asia on Wednesday amid speculation Britain's surprise decision to call a snap election could ultimately deliver a more market-friendly outcome in its divorce from the European Union.Safe-havens stayed in favour as gold and bonds climbed ahead of presidential elections in France and on escalating tensions between the United States and North Korea.Equities were largely shunned with MSCI's broadest index of Asia-Pacific shares outside Japan down 0.6 percent to the lowest since mid-March.Japan's Nikkei managed to steady for the ...

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First Published: Wed, April 19 2017. 08:56 IST