Asian stocks fell due to rise in Chinese imports

Most of the Asian markets fell on Tuesday after reports released which showed that Chinese imports grew about half the pace as economist expected, this indicated that China which is regarded as the World's second biggest economy is gradually slowing down. In the morning session its stocks rose due to Europe's finance chief made progress on Spain bailout but later gave away all its gains.

The world’s largest miner BHP Billiton erased its profits after imports to China increased about half the pace. China Yurun Food Group lost 6.6 percent after its chairman resigned. Shares of Nikkei 225 fell for the fourth consecutive session erasing morning gain after release of weaker Chinese import data showing concerns of slowing demand for second biggest economy. Hang Seng index closed on Tuesday on a light volume as investors were not so much interested in trading, on concern of Chinese economic growth. Kospi Composite continued slide for the three consecutive sessions on Tuesday as foreign investors kept on dumping their stocks due to global economic slowdown. Early in the trade Kospi Composite started on bullish note over undervaluation of local stock market but in the afternoon it turned into bearish phase on worries about global economic slowdown.