Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
Asian Currencies Steady as Dollar Holds Firm Ahead of Fed Decision and US-Iran Deal Details 
Trump and Iran Sign Framework Peace Deal in France Amid Ongoing Middle East Tensions 
Australia Eases Capital Gains Tax Reforms to Support Small Businesses and Startups 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Fed Chair Kevin Warsh Signals Policy Overhaul as Hawkish Rate Outlook Rattles Markets 
Dollar Surges After Fed Holds Rates Steady, Signals Potential Tightening Ahead 
German Industry Employment Falls to Lowest Level in a Decade 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
German Auto Suppliers Turn Bearish as Investment and Jobs Shift Overseas 
Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Japan Inflation Stays Below BOJ Target Despite Rate Hike and Rising Energy Cost Risks 
Oil Prices Drop as U.S.-Iran Peace Deal Eases Supply Concerns 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
US Stock Futures Jump on Reports of Preliminary US-Iran Peace Deal Despite Fed’s Hawkish Outlook 
Most Asian stock markets declined on Tuesday, extending recent losses as the technology sector continued to struggle under concerns about stretched artificial intelligence valuations. Investor sentiment remained fragile amid caution ahead of key U.S. and regional economic data, alongside growing expectations of a potentially hawkish stance from the Bank of Japan later this week.
Regional equities tracked weak cues from Wall Street, where U.S. markets retreated overnight due to persistent selling pressure in technology stocks. The latest downturn in the sector was triggered by underwhelming guidance and heavy capital expenditure plans announced by Broadcom and Oracle last week, raising doubts over the sustainability of AI-driven growth and data center spending. These concerns spilled over into Asian tech shares, keeping risk appetite subdued.
U.S. stock futures also reflected caution, with S&P 500 futures falling around 0.4% in Asian hours as investors awaited critical U.S. nonfarm payrolls and consumer price index inflation data due later this week. The upcoming data is expected to influence expectations around Federal Reserve interest rate policy, adding to global market uncertainty.
Japanese stocks were among the notable laggards, with the Nikkei 225 and TOPIX indexes dropping between 1% and 1.3%. Losses were broad-based, led by technology shares, as investors grew wary ahead of the Bank of Japan’s policy meeting. Markets are increasingly pricing in the possibility of a rate hike after recent comments from BOJ officials signaled openness to tightening monetary policy amid rising inflation. Upcoming Japanese CPI data further added to caution, while modest improvements in manufacturing activity and slightly slower services growth provided limited support.
Across Asia, technology-heavy markets underperformed. South Korea’s KOSPI and Hong Kong’s Hang Seng both fell roughly 1.7%, while Taiwan’s TSMC declined about 1.4%. China’s major indexes also slid around 1%, pressured by weak November economic data and renewed concerns over the property sector, particularly as China Vanke moves to restructure debt. Elsewhere, Australia’s ASX 200, Singapore’s Straits Times, and India’s Nifty 50 futures all edged lower, reflecting widespread risk aversion across the region.
