Asian markets open negative, Indian market movements to be determined by the budget speech

Asian markets slipped in early trade on Friday, led by auto and electronic companies, after the U.S. economy slowed last quarter and the yen strengthened to almost a three-year high against the US dollar.

Toyota Motors dropped in Tokyo by the most in a week, and Samsung Electronics also slipped.

Japanese benchmark index Nikkei declined 354.19 points, or 2.54%, to trade at 13,571.32.

Hong Kong`s index Hang Seng declined 411.44 points, or 1.67%, to trade at 24,180.25.

China`s Shanghai Composite was trading higher by 39.48 points, or 0.92%, at 4,338.99.

Taiwan`s Taiex declined 43.41 points or 0.51% to trade at 8,418.67.

South Korea`s KOSPI slipped marginally by 21.43 points, or 1.23%, to trade at 1,714.74

Singapore`s Straits Times was down 49.45 points, or 1.61 at 3,024.61.