Most of the Asian equity indices are trading in red terrain in Tuesday’s morning deals after China’s economic recovery stumbled unexpectedly in the first three months of 2013. The world's second-biggest economy grew 7.7% in the first quarter from a year ago, slower than the 7.9% hit in the fourth quarter of 2012. Sentiments also got spooked by a double bombing that hit the Boston Marathon.
Shanghai Composite declined 12.03 points or 0.55% to 2,169.91, Hang Seng dropped 124.52 points or 0.57% to 21,648.15, KLSE Composite slipped 4.75 points or 0.28% to 1,693.02, Nikkei 225 decreased 4.70 points or 0.04% to 13,270.96 and Taiwan Weighted was down by 6.04 points or 0.08% to 7,757.49.
On the flip side, Jakarta Composite rose 14.31 points or 0.29% to 4,908.90, Straits Times added 6.98 points or 0.21% to 3,291.35 and KOSPI Composite was down by 4.06 points or 0.21% to 1,924.51.
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