The MSCI Asia ex-Japan index fell 0.93% in early Asian trading, while Japan's Nikkei 225 dropped 1.28% and South Korea's KOSPI tumbled 3.61%. (EPA Images pic)TOKYO: Asian stocks retreated broadly on Tuesday while oil rose as geopolitical risks rattled sentiment ahead of key results from AI bellwether companies.
The dollar held firm against the euro as riots in France fuelled demand for safe-haven assets. Crude prices resumed their climb as markets weighed an executive order from US president Donald Trump that waived some sanctions and tariffs on Russian energy.
The spotlight now turns to corporate earnings, with investors seeking fresh evidence that consumers and the broader economy remain resilient. Results are due from Meta on Wednesday and later in the week from Tesla and chipmakers Lam Research and Texas Instruments.
