Asian markets lower on the back of negative China’s trade balance data, Gold continues to trade higher

All the Asian markets are trading lower on Tuesday. Today China released trade balance data with negative numbers. The trade surplus shrank from 406 billion to 210 billion. Exports tumbled 17.8% year-on-year in February, marking the eighth month in a row that exports have declined. Imports were down 13.8% over the same period, the sixteenth-consecutive decline.

In addition, Gold continues to trade higher and currently trading around $1266. Japanese Yen strengthens against US dollar and currently trading below 113.00 marks.

Japan's benchmark Nikkei 225 index fell 1.25% to 16,700.57 points on Tuesday, while the broader Topix index tumbled 1.28% to 1,344.37 points.

Hong Kong's Heng Seng index began the trading day 0.76% lower at 20,008.98 points, while the Shanghai Composite traded 0.26% lower at 2,889.75 points, and South Korea's Kospi index fell 0.90% to 1,940.59 points.

Australia's S&P/ASX 200 index was traded 0.60% to 5,111.70 points.

New Zealand's S&P/NZX 50 index traded 0.30% higher at 6,438.14 points on Tuesday afternoon in Wellington.

India's stock index opens higher as NSE Nifty was trading 0.07% higher at 7489 points while BSE Sensex was trading 0.16% higher at 24,646 points.