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Market Update

Asian Markets Lower; Shanghai Bucks Trend

Asian markets fell on Monday as investors turned nervous after U.S. budget talks hit a roadblock over the weekend on President Obama’s health-care proposals, taking the federal government a step closer to a partial shutdown.

The Nikkei dropped 1.2%. The Shanghai Composite gained 0.6% while the Hang Seng fell 1.1%. The Sensex also fell 1.1% and the S&P/ASX All Ordinaries gave up 1.2%.