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Market Update

Nikkei Leads Asian Markets Lower

Asian markets were led lower Wednesday by the Nikkei which fell sharply on the back of a strengthened yen after  a weak closing on Wall Street overnight for the second consecutive session.

The Nikkei fell 2.9%. The Shanghai Composite edged up 0.3% but the Hang Seng declined 0.3%. The Sensex was down 0.5% while the S&P/ASX All Ordinaries dropped 1.2%.