Asian shares edged lower on Tuesday amid uncertainty about Senate runoffs in Georgia, which could have a big impact on incoming US President Joe Biden’s economic policies.

MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.12%, pulling back from a record high hit in the previous session. Australian stocks fell 0.16%.

Japanese shares lost 0.47% after a media report that the government will curb business hours in Tokyo and surrounding cities from Thursday.

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