Asia markets fall, Nikkei drops 0.9%, ASX down 0.4%

Asian Market 1
Asian markets were negative early on Tuesday following the sluggishness in global equities amid risk-off sentiment.

Spot gold, viewed as a safe-haven asset, was trading at USD 1,233.56 per ounce, up for the fifth straight session. The Japanese yen, another safe-haven play due to its large current account surplus, has appreciated strongly against major currencies.

Japan’s Nikkei 225 lost 0.88 percent on the back of continued yen strength.

The South Korean Kospi slipped 0.26 percent.

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