Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, dragged by sharp losses in with tech-heavy Japan and South Korea amid a selloff in technology or semiconductor stocks with mounting doubts of artificial-intelligence spending. Traders also remain cautious ahead of the interest rate decision by the US Fed tomorrow, though they are pricing in a hold on interest rates. Asian markets closed mostly higher on Monday.

Meanwhile, U.S. President Donald Trump told Axios that he chose to suspend strikes on Iran in order to give negotiations another chance, stressing that he could order a return to expanded military operations if diplomacy fails.