Asian markets in red, gold hovers around key resistance at $1218

All the major Asian indices are trading on a negative note o Wednesday. On the other side, Gold gains in early Asian hours but fails to sustain above key resistance at $1218 marks and hovers around $1215 levels.

Japanese Yen also gains in Asian hours on strong capital spending data and trading around 110.63 marks.

Japan’s Nikkei N225 was trading 0.57% lower at 17,137 points in Tokyo.

South Korea’s Kospi was trading flat at 1,983.16 points.

Shanghai composite index to open flat at 2,917.15 points and China's CSI300 index to open up 0.1 pct at 3,172.96 points.

Hong Kong’s Hang seng index was trading 0.08% higher at 20,806.75 points.

Australia’s S&P/ASX 200 was trading 1.13% lower at 5,318.63 points.