Asian stocks continued their record run on Tuesday, with investors focusing on upcoming U.S. economic data despite geopolitical tensions. U.S. manufacturing activity shrank significantly in December, raising expectations for more Federal Reserve policy easing. The dollar index retreated as President Trump confirmed no war with Venezuela. Gold prices rose above $1,460 an ounce, while oil prices eased after concerns about crude flow disruptions from Venezuela. Stock markets in China, Hong Kong, Japan, and South Korea all saw gains, with Australian stocks dropping due to valuation concerns. U.S. stocks also rose, setting new record highs.

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