By Associated Press Asian shares were fairly firm Thursday as investors assessed the scant details of President Donald Trump’s U.S. tax overhaul and a Japanese central bank report forecasting steady growth for Asia’s No. 2 economy. KEEPING SCORE: Japan’s benchmark Nikkei 225 index lost 0.2 percent to 19,251.79 while South Korea’s Kospi was nearly flat at 2,207.85. Hong Kong’s Hang Seng shed 0.1 percent to 24,575.01 and the Shanghai Composite index in mainland China fell 0.3 percent to 3,130.18. Australia’s S&P/ASX 200 edged up 0.2 percent to 5,921.30. Benchmarks in Taiwan and Southeast Asia were mostly lower. TRUMP ON TAX: The White House unveiled the broad outlines of Trump’s tax plan while leaving out many of the details. Officials said they hoped to slash corporate taxes to 15 percent from 35 percent, but specifics are still to be negotiated. Stocks have been lifted by investor anticipation of big tax cuts as well as Trump’s vow to cut red tape for businesses. But based on the few specifics spelled out so far, most experts suggested the plan would add little to growth while swelling the budget deficit and potentially handing large windfalls to wealthier taxpayers. QUOTEWORTHY: “As expected, the Trump administration… Read full this story
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