Asia shares down on caution over U.S. tax reform plan, sterling falls

TOKYO (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.

FILE PHOTO – A man looks at an electronic board showing Japan’s Nikkei average outside a brokerage at a business district in Tokyo, Japan August 9, 2017. REUTERS/Kim Kyung-Hoon

MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.15 percent while Tokyo’s benchmark Nikkei .N225 dropped 0.7 percent.

By Friday’s

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