Asian markets declined Tuesday as investors considered weak data and a terror attack.
HONG KONG (CNNMoney)
The Nikkei in Tokyo closed 0.4% lower. The Hang Seng in Hong Kong and the Shanghai Composite were trading in positive territory after crawling back from early losses.
Stock futures in Europe indicated most major indices would open lower.
The unsteady trading in Asia followed a selloff in U.S. markets that accelerated after a terrorist attack in Boston late in the trading day.
Two bombs struck near the finish line of the Boston Marathon on Monday. The investigation is still in its preliminary stages, and scores of victims remain hospitalized. The death toll stands at three.
Related story: Full coverage of terror attack
Few details about the source of the attack have been confirmed by authorities, leaving investors to focus on other issues.
"It's a shocking event and a tragedy," said Kerry Series, chief investment officer at 8IP in Sydney. "But I don't think it will have much of an effect at all on markets."
Driving the markets were concerns over slower global growth -- more pronounced in the wake of soft economic data in China and the United States.
China reported Monday that its economy grew at a 7.7% annual rate in the first quarter, much weaker than the 8% most economists were expecting. A separate report also showed industrial production growth has slowed sharply in the country.
China's slump could mean reduced demand for commodities from the world's second-biggest economy and subdued inflationary pressures.
Heavy manufacturing related to steel, power and telecommunications equipment have shown the most weakness, a trend that continued Tuesday. Mining stocks in Australia, which rely heavily on China as an importer of their raw materials, were particularly hard hit.
Gold prices plunged Monday and investors flocked to lower risk assets like U.S. Treasuries and safe-haven currencies. The yen and dollar both strengthened.
The 9% drop in gold, its biggest sell-off in decades, pushed the metal to its lowest price in more than two years. 
First Published: April 15, 2013: 11:07 PM ET
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