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Market Update

Asian Markets Slip; Shanghai Recovers

Asian markets slipped into negative territory Thursday after key economic data pointing to higher-than-expected inflation in China and a wider drop in core machinery orders in Japan dampened investor confidence.

The Nikkei was down 0.6% at the time of writing. The Shanghai Composite pared early losses and was flat. The Hang Seng was down 0.2% while the Sensex gained 0.5%. The ASP/ASX All Ordinaries gave up 0.5%.