Asia shares slip on Brexit snag, Texas Instruments' revenue woes

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Asia shares slip on Brexit snag, Texas Instruments' revenue woes
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U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings fro...

“Given a recent rally in semi-conductor shares, some adjustments will be inevitable,” said Nobuhiko Kuramochi, chief strategist at Mizuho Securities.

But the pound still kept hefty gains made over the past fortnight on growing expectations that a no-deal Brexit will be avoided even though it is still not clear what the path ahead will be. The next step, Johnson said, would be waiting for the EU to respond to a request to delay the Oct. 31 Brexit date, which the prime minister reluctantly sent to Brussels on Saturday after being forced to do so by lawmakers.

“Broadly speaking, there are two scenarios. There will be a short extension before the parliament will agree on Johnson’s plan. Or there could be a general election, which would need a longer extension,” said Kyosuke Suzuki, director of forex at Societe Generale.Receding worries about a no-deal Brexit also underpinned the euro, which stood at $1.1122The yen ticked up 0.15% to 108.

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