In Asian Equity Markets shares slipped on Tuesday, with Japan leading losses in the region as investors digested the sell-off seen stateside amid a decline in tech stocks and trade-related worries. Japan’s Nikkei 225 declined 0.79 percent amid broad-based losses, but was off its session lows. Tech shares traded lower, with semiconductor-related plays under-performing the broader market. Tokyo Electron and Advantest slid 1.41 percent and 3.17 percent, respectively. Over in South Korea, the Kospi slid 0.82 percent as technology stocks weighed on the broader index, taking cues from the declines on Wall Street. Samsung Electronics fell 2.02 percent.

In Currency Markets the yen held firm on Tuesday as simmering U.S.-China trade tensions stirred up fears for the global growth outlook, sapping investors’ risk appetite. The dollar held steady at 105.91 yen, struggling to gain traction after having fallen for three straight trading days, and trading below a two-week high around 107.00 yen set on March 28. Elsewhere, the Australian dollar edged up 0.1 percent to $0.7667, clinging above a three-month low of $0.7643 set last week. Australia’s central bank is seen as all but certain to keep its cash rate at a record low 1.5 percent at its monetary policy decision due later on Tuesday.

In Commodities Markets oil prices inched up on Tuesday as rising Russian output and expectations of a reduction in Saudi Arabian crude prices were offset by a potential slowdown in U.S. production. U.S. WTI crude futures were at $63.2 a barrel, up 18 cents, or 0.3 percent, from their previous settlement. Brent crude futures rose to $67.84 per barrel, up 0.3 percent, after it fell more than 2 percent on Monday. Brent reached a 2018 high of $71.28 in January but has since struggled to pass that level. Two rallies last week ran out of steam just above $71. There was also pressure coming from the physical market, where top exporter Saudi Arabia is expected to cut prices for all crude grades it sells to Asia in May.

In US Equity Markets all the 11 major S&P sectors fell on Monday, with markets coming under pressure from renewed fears of a global trade war after China imposed additional tariffs on 128 U.S. products. Amazon fell more than 4 percent after President Donald Trump launched his latest attack over the pricing of the online retailer’s deliveries through the U.S. postal system and promised unspecified changes. The S&P 500 was down 2.21 percent, at 2,582.52, falling below its 200-day moving average for the first time since during a market sell-off in early February. The Nasdaq Composite was down 2.38 percent, at 6,895.47.

In Bond Markets U.S. Treasury yields fell to two month lows on Monday on safety buying as stocks slid, and after a manufacturing report showed an increase in price pressures in March. Benchmark 10-year note prices gained 5/32 in price to yield 2.726 percent, down from 2.744 percent on Friday and the lowest since Feb. 6. The next major economic catalyst will be Friday’s closely watched jobs report for March.