In Asian Equity Markets shares of Japanese automaker Nissan fell 5.5 percent in early trade on Tuesday after its chairman, Carlos Ghosn, was arrested on Monday over allegations of financial misconduct. The auto giant said in a statement on Monday that “over many years” Ghosn and board director Greg Kelly had been under-reporting compensation amounts to the Tokyo Stock Exchange securities report. The broader Japanese market fell Tuesday morning, with the benchmark Nikkei 225 down 0.95 percent. In South Korea, the Kospi also slipped 0.77 percent.

In Currency Markets the US dollar fell to two-week lows on Monday, pressured by cautious comments about the U.S. economy from Federal Reserve officials suggesting the central bank may be nearing the end of its tightening cycle. Against a basket of six major currencies, the greenback fell to 96.120, its lowest since Nov. 8, after falling nearly half a percent last week, its biggest weekly drop since late September. The index was last down 0.3 percent at 96.208. Sterling rose 0.1 percent versus a weaker dollar to $1.2850. That takes sterling away from lows of $1.2725 hit last week.

In Commodities Markets oil prices were stable on Tuesday on expectations that producer club OPEC will soon cut supply to prevent oversupply amid slowing demand growth and a surge in output from the United States. U.S. West Texas Intermediate (WTI) crude futures, were at $57.21 per barrel at 0117 GMT, 1 cent above their last settlement. Front-month Brent crude oil futures were at $66.75 a barrel, down 4 cents from their last close. OPEC is looking to cut 1 million to 1.4 million barrels per day (bpd) of supply to adjust for a slowdown in demand growth and prevent oversupply.

In US Equity Markets stocks declined and the Nasdaq fell 3 percent on Monday as investors sold Apple, internet and other technology shares, further shaking confidence in a group of stocks that has propelled the long bull market. The S&P 500 lost 1.66 percent, to 2,690.73 and the Nasdaq Composite fell 3.03 percent, to 7,028.48. The S&P utilities and real estate sectors were the only two that ended in positive territory. Shares of Facebook were down 5.7 percent, Amazon.com was down 5.1 percent, Netflix fell 5.5 percent and Alphabet fell 3.8 percent.

In Bond Markets U.S. Treasury yields fell to six-week lows on Monday as stocks fell, boosting demand for low-risk U.S. government debt. Benchmark 10-year notes gained 6/32 in price to yield 3.054 percent, the lowest since Oct. 3 and down from 3.074 percent on Friday. Comments by New York Fed President John Williams on Monday that the U.S. central bank is pushing ahead with gradual rate-hike plans next month as it marches toward a more normal policy stance.