China stocks led Asian markets lower on Tuesday after a preliminary survey of factory managers showed the expansion in factory activity eased in April, renewing fears of a slowdown in the world's second largest economy.
Elsewhere, the Nikkei retreated from the previous day's near five-year high, while Seoul's Kospi dipped below the 1,920 level. But Australia's benchmark S&P ASX 200 jumped 1 percent to hit a one-week high.
HSBC's flash PMI data revealed a tepid snapshot of factory growth in the mainland with the figure falling to 50.5 from March's reading of 51.6.
However, one analyst says that the data does not necessarily translate into an economic deceleration. "What I want to know is, are we reaching a point where the economy is going to be stable around 7.5 percent. The answer is a resounding yes," said Andrew Freris, chief investment advisor for Asia at BNP Paribas Wealth Management.