Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as South Korean markets tumbled amid weakness in semiconductor stocks on concerns over returns on huge AI spending and mixed earnings and cautious forecasts from major US technology firms. Asian markets closed mixed on Monday.

Meanwhile, reports suggesting a possible de-escalation in the Middle East sent crude oil price tumbling, lowering inflation concerns and capping market losses.