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Asian markets trading on a mix note, Gold rallies

Asian markets are trading on a mix note on Tuesday morning. In addition key indicators from China and Australia released in early Asian hours. The official China manufacturing Purchasing Managers' Index slipped from 49.4 in January to 49.0 last month, the weakest reading in more than four years. Australia's current account data released with negative numbers. The current account deficit was released at $21.1 billion in the December quarter, the highest in at least 15 years. Further data showed Australian building permits falling 7.5% month-on-month in January. Gold broke the key resistance at $1242 level and currently trading around $1244 levels.          

Japan's benchmark Nikkei 225 index fell 0.69% to 15,916.35 points in early trade, while the broader Topix index dropped 0.30% to 1,294.01 points.

Shanghai Composite index falling 0.43% to 2,676.37 points at the open, Hong Kong's Heng Seng index rose 0.40% to 19,188.63 points after the opening bell on Tuesday.

Australia's benchmark S&P/ASX 200 index was trading 0.45% higher to 4,902.60 points.

New Zealand's S&P/NZX 50 index rose 0.17% to 6,241.46 points on Tuesday.

 

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