Most Asian stocks fell on Tuesday as uncertainty over interest rates and the U.S. presidential election kept traders largely risk-averse, while Chinese markets drifted higher after an interest rate cut. 

Boeing shares rose 3% on Monday on hopes of an end to a crippling strike, although some analysts questioned whether a proposed labor contract unveiled over the weekend would muster enough support from the U.S. planemaker's workers.

Oil prices fell in Asian trade on Tuesday as a recent rebound ran out of steam, with concerns over slowing demand in major oil consumer China remaining squarely in play.

The dollar climbed on Monday, buoyed by a rise in U.S. bond yields, as a run of solid U.S. economic data suggested the Federal Reserve can afford to be patient in cutting rates while investors positioned for the Nov. 5 presidential election.

Citi Research raised its three-month forecast for gold prices, citing possible further U.S. labor market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying, it said in a note on Monday.

Three years after Meta shut down facial recognition software on Facebook (NASDAQ:META) amid a groundswell of privacy and regulator pushback, the social media giant said on Tuesday it is testing the service again as part of a crackdown on "celeb bait" scams.