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Asian Shares Advance As U.K. U-turn On Fiscal Plans Brings Relief

Asian stocks ended broadly higher on Tuesday, although Chinese markets slipped after the country delayed the release of its latest economic growth figures along with other key economic indicators amid the weeklong 20th Communist Party National Congress.

Investors breathed a sigh of relief after Britain's new finance minister announced a comprehensive retreat on the U.K. government's tax-and-spending plans on Monday in a bid to calm jittery markets and restore the government's credibility.

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by RTTNews Staff Writer

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