Asian markets end mostly in red; Chinese market bucks the trend

Most of the Asian markets suffered sharp sell-off on Tuesday, as the oil resumed its plunge on uncertainty of an output cut at the upcoming OPEC and Non- OPEC members meet. Traders also remained concerned ahead of the releases of US Federal Reserve’s minutes from its latest meeting on Wednesday and struggled to find fresh reasons to buy. The Japanese markets witnessed cut of over two percent after the yen jumped to a 17-month high.  Also, the latest survey from Nikkei revealed that activity in Japan's services sector remained unchanged in March. The Hong Kong markets too lost around two percent, however the Shanghai Composite Index that resumed trading after a Monday holiday, bucked the regional trend and gained 1.4 percent, as investors digested better-than-expected manufacturing surveys released over the weekend.