Asian markets in red ahead of BOJ’s monetary policy statement, Gold dips

The main event for the Asian session is the BOJ’s monetary policy statement. All the Asian markets are trading broadly lower on Tuesday. In addition, Japanese Yen gains against US dollar ahead of BOJ. USD/JPY remains well supported below 114.00 mark and trading around 113.65 levels. In addition, Yellow metal erases previous gain against US dollar and currently supported below $1230 marks.

The Nikkei 225 index traded 0.04% lower at 17,226.32 points on Tuesday morning in Tokyo, while the broader Topix index slipped 0.07% to 1,379.03 points.

Hong Kong's Heng Seng was trading 0.42% lower at 20,350.41 points, while the Shanghai Composite index opened little down at 2,857.44 points.

South Korea's Kospi index was trading almost flat at 1,972.41 points.

Australia's benchmark S&P/ASX 200 index was trading 1.29% lower at 5,118.90 points on Tuesday afternoon in Sydney.

New Zealand's S&P/NZX 50 equity gauge rose 0.62% to 6,605.74 points on Tuesday afternoon in Wellington, after hitting a record high of more than 6,607 points earlier on Tuesday.