Asian equity markets turned lower on Tuesday after a gauge of Chinese manufacturing plunged to an 11-month low in March, while the euro was boosted by hopes of a breakthrough in Greece's bailout talks with Germany.Comments from the US Federal Reserve's vice chairman suggesting interest rates would rise slower than expected put further downward pressure on the dollar.
Shanghai - which rose Monday for a ninth straight session to a near seven year high - sank 0.60 per cent, while Hong Kong lost 0.33 per cent.
Tokyo shed 0.19 per cent and Seoul was 0.11 per cent lower. Sydney was flat.
Global markets have been on a broad uptrend since the Fed on Wednesday tempered talk of an early summer rate hike by saying there were still weaknesses in the US economy.
However, traders retreated to the sidelines on Tuesday after HSBC's preliminary purchasing managers' index (PMI) suggested manufacturing activity saw a surprise contraction in March.
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