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Market Update

Asian Markets Move Higher

Asian markets moved higher Tuesday as the People’s Bank of China’s decision to enhance liquidity in the system boosted investor confidence, while Japanese stocks climbed on the back of a softer yen.

On Monday, China’s central bank, in a bid to boost liquidity in the system, offered funds to big lenders, which came in as a relief amid rising short-term borrowing costs as demand for cash is on a rise ahead of the Lunar New Year holiday.