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Market Update

Asian Stocks Edge Up

Asian markets bounced back Tuesday after a steep sell-off the previous session in reaction to news of North Korean leader Kim Jong-il’s death.

The Nikkei was up 0.7% at the time of writing. The Shanghai Composite gained 0.3% while the Hang Seng rose 0.5%. The Sensex bucked the trend and was down 0.3% in early trades while in Sydney, the S&P/ASX All Ordinaries was trading flat.