Asian markets lower, gold hovers around $1,260

Asian indices were trading on a lower note on Thursday. Gold and silver were trading marginally higher on in early hours of Asia. Gold was trading around $1,260 and silver was trading around $17.60 marks.

On the other side, China released trade balance data with negative numbers.

China’s September trade balance decreases to 41.989 bln $ (forecast 53.00 bln $) vs previous 52.05 bln $.

China’s September exports y/y decreases to -10 % (forecast -3 %) vs previous -2.8 %.

China’s September imports y/y decreases to -1.9 % (forecast 1.0 %) vs previous 1.5 %.

South Korea’s Kospi was trading 0.52 percent lower at 2,023.36 points.

Tokyo's Nikkei was trading 0.53 percent lower at 16,751.50 points.

Shanghai composite index to open flat at 3,057.97 points and China's CSI300 index to open flat at 3,299.16 points.

Hong Kong's Hang Seng was trading 1.29 percent lower at 23,111.26 points.

Australia's S&P/ASX 200 was trading 0.88 percent lower at 5,426.10 points.

Taiwan stocks open up 0.2 pct at 9,268.22 points.