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Market Update

Asian Markets Drift Lower

Most Asian stocks drifted into the negative zone Tuesday after posting sharp gains in the previous session as investors eyed the outcomes of policy meetings of central banks in Australia and Japan.

At the time of writing, Australia's S&P/ASX All Ordinaries shed 0.6%. China's Shanghai Composite slipped 0.1% while the Hang Seng retreated 0.4%. Mumbai's Sensex opened flat while Japan's Nikkei managed to eke out a slight gain of 0.1% after the dollar regained strength against the yen in early Tuesday trades.