Key Points
SINGAPORE (Reuters) Asian stocks fell on Tuesday as investors pondered looming U.S. interest rate cuts and awaited earnings from AI darling Nvidia, while rising tensions in the Middle East and supply concerns checked risk sentiment and lifted oil prices...
Gold prices were just shy of a record peak, while the dollar firmed and the yen hovered near its highest in three weeks as investors sough safety amid geopolitical risks, with Israel and Lebanons Hezbollah exchanging fire on Sunday..
Also supporting crude prices was Libyas eastern-based government announcement of the closure of all oil fields, which halted production and exports..
Chinas blue stock index CSI300 fell 0.28% while Hong Kongs Hang Seng index was 1% lower in early trading, dragged by lacklustre earnings from Temu-parent PDD Holdings due to lower consumer spending...
Oil prices took a breather in early trading on Tuesday after rising 3% in the previous session due to supply concerns in the wake of escalating tensions in the Middle East and production cuts in Libya...
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