Oil prices fell sharply in Asian trade on Tuesday, extending recent losses amid growing concerns over a demand slowdown, while a report suggesting that Israel will not attack Iranian oil facilities also weighed. 

Most Asian currencies weakened on Tuesday, while the dollar steadied at an over two-month high amid persistent bets that the Federal Reserve will cut interest rates at a slower pace. 

Most Asian stocks rose on Tuesday tracking record highs on Wall Street as the third-quarter earnings season approached, while Chinese stocks fell amid waning optimism over new fiscal stimulus.

U.S. officials have discussed limiting sales of advanced AI chips from Nvidia (NASDAQ:NVDA) and other American companies on a country-specific basis, Bloomberg News reported on Monday, citing people familiar with the matter.

Oil prices slid $2 in early Asian trade on Tuesday as OPEC lowered its outlook for global oil demand growth in 2024 and 2025 and a media report that Israel is willing to strike Iranian military and not nuclear or oil targets.

U.S. stock index futures steadied in evening deals on Monday after a rally in technology shares spurred record highs on Wall Street, with focus turning to a string of key upcoming earnings and economic readings.