In Asian Equity Markets indices traded lower on Tuesday morning as Hong Kong attempted to return to normalcy following protests in the last few days. The Hang Seng index fell 1.24% in morning trade. The city’s airport reopened on Tuesday after operations were crippled on Monday due to protests, which have turned increasingly violent since June. South Korea’s Kospi fell 0.57%, while the S&P/ASX 200 in Australia declined 0.18%. The Nikkei 225 in Japan fell 1.23% in morning trade following its return from a holiday,

In Currency Markets the yen stood near a seven-month high against the dollar on Tuesday as unrest in Hong Kong and gyrations in Argentina’s markets heightened investor risk aversion and fanned demand for the safe-haven Japanese currency. The yen traded at 105.400 per dollar after brushing 105.050 overnight, its strongest since Jan. 3. The yen has been on a solid footing this month, supported by factors such as U.S.-China trade tensions and the prospect of further monetary easing by the U.S. Federal Reserve.

In Commodities Markets oil prices slipped on Tuesday, offsetting narrow gains in the previous session, as sluggish demand forecasts countered expectations that major producers would prop up oil prices by limiting crude oil output. International benchmark Brent crude futures were down 18 cents or 0.3%, from the previous settlement, to $58.39 a barrel. Gold prices gained on Tuesday, hovering near a more than six-year high hit the previous day, as concerns around protests in Hong Kong, a slump in Argentina’s markets and the ongoing Sino-U.S. trade war dented risk appetite.

In US Equity Markets stocks fell in a broad sell-off on Monday as simmering geopolitical tensions spooked equity investors and drove a bond market rally while the protracted U.S.-China trade war stoked fears of impending recession. The S&P 500 lost 1.23%, to 2,882.69 and the Nasdaq Composite fell 1.2%, to 7,863.41. Media companies CBS Corp and Viacom Inc are in the final stages of negotiating an all-stock merger that values Viacom at a discount to its Friday closing price, sending Viacom shares down 4.9%.

In Bond Markets U.S. Treasury yields fell on Monday, in line with the weak stock market, as trade worries and global political tensions from Hong Kong to Argentina supported safe-haven assets. U.S. 30-year bond yields slid to their lowest since July 2016. Long-term yields have fallen in six of the past nine sessions, reflecting investors’ diminished risk appetite. U.S. benchmark 10-year Treasury note yields fell to 1.64% from 1.734% late on Friday.