Investing.com– Most Asian stocks fell on Tuesday, with sentiment towards Chinese markets worsening after Canada joined the U.S. and Europe in imposing steep import tariffs on the country’s electric vehicle sector.
Broader markets were also held back by speculation over U.S. interest rates, while caution kicked in before a closely-watched earnings report from NVIDIA Corporation (NASDAQ:) this week.
Regional markets took middling cues from a mixed overnight close on Wall Street. While the ended at a record high, this came at the expense of losses in the and the , as expectations of U.S. interest rates saw traders pivot out of heavyweight technology stocks.
This trend spilled over into Asian trade. U.S. stock index futures also fell on Tuesday.
A spike in oil prices- on heightened tensions in the Middle East and disruptions in Libya- also spooked markets.
