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Stocks in Asia slid on Tuesday while oil prices eased but remained well above $100 a barrel, as the U.S. and Iran continue to work towards a truce while at the same time trading blows over the Strait of Hormuz.
Traders also had their eyes on the yen JPY= after the Japanese currency briefly jumped in the previous session, stoking speculation of another round of intervention from Tokyo.
MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.3%. Shares in Australia
fell 0.4% in thinned Asia trade, while markets in Japan and South Korea were closed for a holiday.
