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Markets Quickly Turn Red After 2 Bad Reports

Apr 1, 2013, 05:52 IST

Nikolaiii666 / FlickrAfter opening positively, markets have quickly turned negative in Asia.

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Japan's Nikkei is down 0.5 percent.

Korea's Kospi is down 0.2 percent.

Moments ago, we got two key pieces of economic data.

Japan's Tankan survey, a measure of business sentiment, was disappointing across the board.

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South Korea's exports, the economic canary in the coal mine, climbed by just 0.4 percent, which was far short of expectations for a 1.8 percent gain.

Later, China will be publishing its March manufacturing PMI reports.

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