Asian tech stocks were also under pressure from the 8.69% fall in artificial intelligence darling Nvidia's shares overnight.

U.S. President Donald Trump said he told the leaders of Japan and China they could not continue to reduce the value of their currencies, as doing so would be unfair to the United States. The remarks added to market jitters as Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday,

U.S. President Donald Trump criticized Japan and China for devaluing their currencies, calling it unfair to American manufacturers. Speaking at the White House on Monday, Trump said he had personally warned President

Asian markets tumbled on Tuesday after US President Donald Trump hiked tariffs on Chinese imports and warned that levies on Mexico and Canada could not be averted. Trump also stressed that Canada and Mexico would not avoid being hit with 25 percent levies,

Japanese stocks fell over 2% after U.S. President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned.