Asian stocks slide as geopolitical worries sap confidence [Yahoo! Finance Canada]
Woodside Energy Group Limited American Depositary Shares, each representing one Ordinary Share (WDS)
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Source: Yahoo! Finance Canada
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks fell on Tuesday as investors pondered looming U.S. interest rate cuts and awaited earnings from AI darling Nvidia, while rising tensions in the Middle East and supply concerns checked risk sentiment and lifted oil prices. Gold prices were just shy of a record peak, while the dollar firmed and the yen hovered near its highest in three weeks as investors sough safety amid geopolitical risks, with Israel and Lebanon's Hezbollah exchanging fire on Sunday. [GOL/] [FRX/] Also supporting crude prices was Libya's eastern-based government announcement of the closure of all oil fields, which halted production and exports. [O/R] Investors are on edge ahead of Nvidia's earnings report on Wednesday, where anything short of a stellar forecast from the AI chipmaker could jolt investor confidence in the AI-fuelled rally. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.36% lower on Tuesday, inching away from the one-month
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