Asian markets turn negative, Gold hovers around $1250

All the major Asian indices are trading in red on Friday on the back of lower commodity prices. On the other side, Gold fails to sustain above $1270 and currently trading around $1250 marks. Japanese Yen breaks key support at 109.48 and trading around 109.40 levels. Today Japan released flash manufacturing PMI data with negative numbers at 48.0 m/m vs 49.1 m/m previous release.

The Nikkei 225 index was trading 0.09% lower to 17,347.11 points in Tokyo on Friday morning, while the broader Topix index was trading 0.37% lower at 1,382.57 points.

The Shanghai Composite index opened on Friday 0.66% lower at 2,933.29 points, while Hong Kong's Hang Seng index fell 1.18% to 21,371.54 points.

South Korea’s Kospi index slipped 0.47% to 2,012.89 points on Friday.

Australia's benchmark S&P/ASX 200 index was trading 0.47% lower at 5,247.30 points on Friday morning in Sydney.

New Zealand's S&P/NZX 50 index traded 0.27% lower at 6,887.51 points on Friday afternoon in Wellington.