Asian share markets cautious, pound stumbles on Brexit drama

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Asian share markets cautious, pound stumbles on Brexit drama
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Asian stocks were steady in a cautious start to the week on Monday, while the Br...

TOKYO - Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain’s divorce from the European Union.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS were flat, with Australian shares off down 0.3%. Japan's NikkeiThe Brexit maelstrom, worries over slowing global growth and international trade frictions have kept investors on edge over recent months. Oil futures fell as lingering economic growth concerns and excess supplies of crude prompted speculators to trim their long positions.

The vote for an extension dealt a blow to optimism that a deal agreed last week would ensure Brexit happens with little economic disruption.

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