Asian markets trading lower on Tuesday following Wall Street cues.Japan's Nikkei 225 Average trading down 1 percent.Mitsubishi UFJ Financial Group Inc. down 3.1 percent.Mining shares trading lower with BHP Billiton Ltd. down 2.4 percent.Sony down 2.8 percentas the yen strengthened against the dollar.Toyota Motor Corp. down 1.6 percent.

Nikkei Stock Average 225 is trading down 1.44 precent,down 136.31 points to 9,315.67.Hang Seng Index rose 0.17 precent,up 28.35 points to 17,116.30 .Shanghai Composite Index up 0.18 percent up 4.55 points to 2,584.29 .Straits Times Index was down 0.14 percent 3.04 points to 2,163.06.Korean benchmark index KOSPI is down 7.95 points, 0.56 percent lower at 1,407.21.

FTSE 100 index ended down 0.6 percent down 26.59 points to 4435.5,Germany's DAX closed down 0.96 percent down 46.99 points to 4866.91,France's CAC 40 down 1.93 percent down 63.92 points to 3248.67.

On Monday,Dow Jones industrial average lost 155.88 points, down 1.8 percent, to 8,418.77. The broad Standard & Poor's 500 index was down 19.99 points, down 2.2 percent, to 909.24. The tech-heavy Nasdaq composite index fell 7.76 points,down 0.45 percent, to 1731.24.

U.S. light crude oil for June delivery closed lower to settle at $58.50 a barrel on the New York Mercantile Exchange.COMEX gold for June delivery was down $1.40 to settle at $913.50 an ounce.Dollar gained versus the euro and was down against the yen.

Tuesday,12 May 2009