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Market Update

Asia Down After Wall Street Falls

Asian markets opened lower Tuesday, tracking sharp overnight losses on Wall Street after disappointing U.S. manufacturing data soured risk appetite.

The Nikkei tumbled 3.4% at 12:43 p.m. Tokyo time, extending yesterday's decline. The Hang Seng fell 2.4% while the All Ordinaries lost 1.6%. Mumbai's Sensex also opened weak, tracking global cues -- down 0.9% in early trades.