Asian markets lower, Gold finds support around $1230

All Asian markets are trading on a lower note on Wednesday. In addition, Gold is well supported around $1230 marks and made intraday high at $1232 levels. The USD/JPY broke below the 112.00 mark again on Wednesday, trading near its weakest in 16 months.

Japan benchmark Nikkei index fell 0.90% to 15,912.15 points on Wednesday morning in Tokyo, while the broader Topix gauge was trading 0.26% lower at 1,287.87 points.

Hong Kong's Heng Seng index began the day1.52% weaker at 19,112.32 points, while the Shanghai Composite traded 0.32% lower at 2,894.03 points.

South Korea's Kospi index traded flat at 1,912.32 points.

Australia's S&P/ASX 200 index was trading 2.08% lower to 4,880.20 points on Wednesday.

New Zealand's benchmark S&P/NZX 50 index rose to an early-January high of 6,206.96 points, up some 0.52% on Wednesday afternoon in Wellington.