From Nasdaq:

Asian shares fell as geopolitical tensions propped up oil prices. U.S. Treasury yields under pressure, and MSCI’s broadest index of Asia-Pacific shares is down over 3% in January. The court-ordered liquidation of China Evergrande may impact the nation’s property market. Overnight, the S&P 500 reached a record high close, ahead of the Federal Reserve’s meeting.

Investors await the Federal Reserve’s policy meeting and earnings results from Microsoft and Alphabet. The Fed is expected to signal a cautious stance on interest rates amid a resurgence in economic growth and tight labor market conditions. Markets now expect a 47% chance of a Fed rate cut in March, down from 88% a month earlier.

Dollar index remained steady at 103.43, while the yield on 10-year Treasury notes was down at 4.078% in early Asian hours. The euro remained steady. Investor jitters over rising tensions in the Middle East have fueled fears, as the United States and Qatar respond to a drone attack that killed three U.S. troops in Jordan.

U.S. crude rose to $77.19 per barrel, while Brent was at $82.80, up 0.49% on the day. Geopolitical tensions in the Middle East continue to impact global risk sentiment and oil prices. Amidst economic data and geopolitical tensions, markets await guidance from the Federal Reserve’s policy meeting and earnings reports.

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Read more: GLOBAL MARKETS-Stocks in Asia slip as China property sector worries weigh