Asian Markets Mostly Down As China Sets 5% Growth Goal

At the National People's Congress, an annual rubber-stamp legislative session, the focus this week will be on China's struggling economy (Credit: AFP)

Asian markets largely fell on Tuesday after China set a five percent annual growth target and Wall Street shares dropped ahead of the release of key US economic indicators.

Tokyo and Hong Kong dipped at the open, a day after Japan's benchmark Nikkei index hit a record high, closing above 40,000 points for the first time.