Global Markets Shaken by Geopolitical Tensions and Rate Cut Speculations

Asian stocks fell on Tuesday amid concerns over U.S. interest rate cuts, investor tension around Nvidia's upcoming earnings, and geopolitical risks exacerbated by Middle East conflicts. Rising oil prices due to Libyan production halts and tariff impositions on Chinese imports by Canada also contributed to market jitters.

Asian stocks tumbled on Tuesday as investors weighed the possibility of upcoming U.S. interest rate cuts and awaited critical earnings reports from AI giant Nvidia. Rising tensions in the Middle East have escalated risk aversion, boosting oil prices due to supply concerns.

Gold prices hovered near record highs while the dollar strengthened and the yen surged to its highest in three weeks, driven by geopolitical uncertainties, including the exchange of fire between Israel and Lebanon's Hezbollah.

The investor community is anxiously awaiting Nvidia's earnings report on Wednesday, which could significantly influence the AI-driven market rally. Canada's new tariffs on Chinese imports also compounded market tension on an already nerve-racking day.

(With inputs from agencies.)