Economic news

Review: Asian shares fall amid rising U.S. tax doubts

Asian stocks dipped on Friday on concerns over U.S. tax reforms after Senate Republicans unveiled a plan that delaying timing of a corporate tax cut.

MSCI's broadest index of Asia-Pacific shares slipped 0.15 percent.

Japan's Nikkei .N225 slumped 0.8 percent, sliding from Thursday's 21-year peak.

Australian shares dropped 0.3 percent, and South Korea’s Kospi index lost 0.3 percent.

The Hang Seng Index in Hong Kong and the Shanghai Composite Index were virtually flat.

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