In Asian Equity Markets stocks fell further on Tuesday as technology majors remained under pressure from new U.S. export curbs and a hawkish Fed. The Taiwan Weighted Index lost 4 percent to a near two-year low after the United States announced measures limiting their access to certain U.S.-made technology. Hong Kong’s Hang Seng index fell 1.7 percent. China’s Shanghai Shenzhen CSI 300 index rose 0.5 percent, while the Shanghai Composite index added 0.4 percent. South Korea’s tech-exposed KOSPI fell 2.4 percent and Japan’s Nikkei 225 index fell 2.7 percent.

In Currency Markets the dollar hit multi-year highs on Tuesday against the risk-sensitive Aussie and Kiwi dollars and the yen hovered near the level that prompted intervention as worries about rising interest rates and geopolitical tensions unsettled investors. U.S. dollar index was up 0.239 percent at 113.34, inching toward the 20-year high of 114.78 it touched late last month. Japan returned from a holiday on Tuesday and the yen sat at 145.69. The pound was down 0.31 percent at $1.1025 on Tuesday. The euro was down 0.22 percent at $0.9682.

In US Equity Markets stocks fell on Monday, with the Nasdaq posting its lowest close since July 2020, as investors worried about the impact of higher interest rates and pulled out of chipmakers after the United States announced restrictions aimed at hobbling China’s semiconductor industry. The Dow fell 0.32 percent, to 29,202.88, the S&P 500 lost 0.75 percent, to 3,612.39 and the Nasdaq Composite fell 1.04 percent, to 10,542.10. Shares of Nvidia Corp fell 3.4 percent, while Qualcomm Inc, Micron Technology Inc and Advanced Micro Devices also ended lower.

In Commodities Markets oil prices sank by nearly 2 percent on Monday, after five straight sessions of gains, as investors worried that economic storm clouds could foreshadow a global recession and erode fuel demand. Brent crude futures settled at $96.19 a barrel, down 1.8 percent. West Texas Intermediate crude settled at $91.13 a barrel, losing 1.6 percent. Spot gold fell 1.4 percent to $1,670.89 per ounce. Spot silver fell 2.2 percent to $19.66 per ounce, and platinum fell 1.2 percent to $901.06. Palladium gained 0.2 percent to $2,186.03.

In European Equity Markets stocks edged lower on Monday as investors stayed cautious ahead of major corporate earnings this week, with nerves around rising interest rates and escalating geopolitical tensions also weighing on sentiment. The region-wide STOXX 600 index was briefly in positive territory before closing down 0.4 percent and extending losses to a fourth straight session. Meanwhile, the French central bank trimmed its economic growth estimate for the country, owing to poor industrial activity. France’s CAC 40 index was down 0.5 percent.

The U.S. bond market was shut for the Columbus Day holiday on Monday.