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Market Update

Asian Markets Mildly Higher

Asian markets were mildly higher Tuesday tracking gains on Wall Street overnight after continued negotiations among lawmakers in the U.S. gave hope for a budget agreement and also an increase in the debt ceiling, easing investors’ concerns of a possible government default on loan payments.

The Nikkei was up 0.2%. The Shanghai Composite slipped 0.1% while the Hang Seng was up 0.6%. The Sensex was down 0.2% while the S&P/ASX All Ordinaries gained 1%.