Asian shares stepped back on Friday while investors poured funds into safe-haven assets amid festering concerns about a UK referendum that could push Britain out of the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2 percent while Japan's Nikkei declined0.4 percent.
Wall Street shares also pulled back on Thursday after three days of gains, with the S&P 500 losing 0.17 percent to finish at 2,115.48, still only about 15 points below its record closing high. Global bond yields dropped to new lows and perceived safe-haven currencies gained as investors sought shelter in the safety of bonds on concerns about Britain's referendum on European Union membership on June 23.
"There are concerns over 'Brexit' as polls seem to suggest the probability of Britain leaving Europe is rising," said Tatsushi Maeno, managing director at PineBridge Investments. "You can't buy risks assets under such conditions even if you want to," he said.
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Wall Street shares also pulled back on Thursday after three days of gains, with the S&P 500 losing 0.17 percent to finish at 2,115.48, still only about 15 points below its record closing high. Global bond yields dropped to new lows and perceived safe-haven currencies gained as investors sought shelter in the safety of bonds on concerns about Britain's referendum on European Union membership on June 23. 
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