ASIAN MARKET NEWS 20 JANUARY 2016

Japan's Nikkei fell 0.7 percent, while Australian stocks lost 0.4 percent.

Chinese markets had led the bounce on Tuesday with the CSI300 index up 3.0 percent and the Shanghai Composite Index rising 3.2 percent.

That rally was puzzling to many given the economic news from China was hardly bright, and the International Monetary Fund cut its global growth forecasts for the third time in less than a year.

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