- Newcastle inflict more misery on Man Utd, Arsenal extend Premier League lead
- Rodrygo helps Real Madrid keep pace with Girona in Liga title race
- Newcastle too good for Man Utd despite mounting injury crisis
- Milan beat Frosinone to close gap on leaders Juve
- US Commerce chief warns against China 'threat'
- Guinea-Bissau president calls deadly violence 'attempted coup'
- Masdar to Develop 150MWac Solar Plant in Angola to Power 90,000 Homes and Boost Just Energy Transition
- England ready to handle expectations at Euro 2024, says Southgate
- US defense chief says Israel must shield civilians to win in Gaza
- Peru boosts Machu Picchu access up to 5,600 visitors a day
- Guirassy scores again as Stuttgart beat Bremen
- Rodrygo strikes again as Madrid catch Girona with Granada win
- Italy and Spain to meet in Euro 2024 group stage, England handed kind draw
- Lens inflict more pain on managerless Lyon
- 'Not a group of death': Struggling Germany welcome Euro 2024 draw
- Italy and Spain drawn together in Euro 2024 group stage
- Guinea-Bissau army calls National Guard back to barracks after violence
- Girona 'making history', go top with superb Valencia comeback
- NWTN Celebrates Landmark Collaboration with Autostrad Car Rental Company for Eco-Friendly Transportation
- Heavy snow hits Beaver Creek World Cup ski race again
- Nervy Arsenal extend Premier League lead, Burnley score five
- Herve helps Toulon to Top 14 summit in Biggar absence
- Openda and Poulsen score as Leipzig beat Heidenheim to go fourth
- Burkina, Niger to quit G5 anti-jihadist force
- Germany beat France on penalties to win U-17 World Cup
- Girona top Liga with superb late Valencia comeback
- Grim cycle of death at a hospital in Gaza
- Erdogan weighs in on bank scam involving Turkish stars
- Embark on a Unique Journey with 'Hookah Haze': Human Drama Adventure Fueled by the Spirit of Shisha on Steam® and Nintendo Switch™ in 2024
- Xavi calls on Felix to let Atletico criticism inspire him
- Nations rally behind renewables at COP28 climate talks
- Israel and Hamas trade strikes as Palestinian toll mounts
- 'My blood boils': Kissinger's bitter legacy in Southeast Asia
- 50 oil and gas companies pledge to cut operational emissions
- Activists decry silence over evidence of sexual violence in Hamas attacks
- Turkey's Erdogan rejects US pressure to cut Hamas ties
- Over 100 Rohingya refugees land in Indonesia, 2 more boats at sea
- Erdogan rejects US pressure to cut Hamas ties
- EQT Joins the Oil & Gas Decarbonization Charter
- AIIB Launches Report on Transformative Concept of Defining Nature as Infrastructure
- COP28: Calls for more nuclear and less 'destructive' methane
- To greenwash or do the right thing? Corporate dilemmas at COP28
- Israel says hundreds of Gaza targets hit after truce ends
- Pope calls on leaders at COP28 to 'turn corner' on climate
- NZ's Southee refuses to blame World Cup fatigue for Bangladesh Test loss
- US leads call to triple nuclear power at COP28
- Hoshino and Lee set up Australian Open showdown
- Nuclear power has role to play, atomic energy head tells AFP at COP28
- Myanmar pro-democracy fighters battle to take state capital
- Climate Philanthropies Announce $450 Million to Deepen Investment in Super Climate Pollutants
Ukraine fears weigh on markets but 'chance' of deal provides hope
Asian markets mostly fell again Tuesday, extending a global sell-off fuelled by fears that Russia is about to invade Ukraine, though the losses were more muted than the previous day and oil dipped after Moscow said a diplomatic agreement was still possible.
The crisis in Eastern Europe added to long-running unease about the Federal Reserve's plans to hike interest rates as it battles to rein in 40-year-high inflation with one top official saying the bank needed to act quickly to maintain its credibility.
Equities were sent spinning after US national security advisor Jake Sullivan warned last week that Russia could storm into Ukraine "any day now", having amassed more than 100,000 troops on its border in recent weeks.
Western powers have drawn up a series of tough sanctions against Moscow in the event of an invasion but there is a big worry that such a move would have economic consequences owing to the fact that the two countries are key sources of vital commodities including oil, gas and wheat.
The price of each of them has soared in recent weeks.
However, while Washington continues to fret, there was a glimmer of hope that recent diplomatic efforts could pay off, with Russian foreign minister Sergei Lavrov saying there was "always a chance" for agreement with the West.
In a televised meeting, he told President Vladimir Putin that talks with US and European leaders showed enough of an opening for progress on his goals, adding: "I would suggest continuing."
German Chancellor Olaf Scholz was due in Moscow on Tuesday for talks with Putin.
The exchange between Putin and Lavrov improved the mood on markets slightly, helping Wall Street off its intra-day lows, though all three main indexes ended in negative territory for a second day.
Asia also struggled but fared a little better as the day progressed.
Tokyo dipped as investors brushed off data showing Japan's economy rebounded in the final three months of 2021.
Hong Kong, Sydney, Seoul, Wellington and Manila also slipped but Shanghai, Taipei and Jakarta edged up.
Oil prices dipped on the comments, though they remain at more than seven-year highs and within touching distance of $100 a barrel, having soared around 25 percent since the start of January.
The long-running saga over the Fed's plans for fighting inflation were also still on traders' minds, with the central bank expected to hike rates next month but speculation rife over how much it will move and how many more times after.
St Louis Fed President James Bullard said Monday officials needed to be decisive in its actions, telling CNBC "our credibility is on the line here".
He added that the bank should "front load" its actions and raise the benchmark borrowing rate to one percent by July, echoing similar remarks last week that caused a stir on trading floors.
But some commentators warned that with prices being fuelled by factors such as surging energy costs and supply chain problems, the Fed hikes could have little effect.
"What we are seeing is a Fed that is reacting to inflationary prints even though many of the pressures on inflation are factors that the Fed really can't solve," Kristina Hooper, of Invesco, told Bloomberg Television.
"So that certainly increases the risks and reduces the clarity."
Still, with the global economy in recovery mode and most governments easing containment measures, observers remain upbeat about the outlook for markets.
"Times will certainly become somewhat rougher on the markets, as the first weeks of this year have already shown," said DWS chief investment officer Stefan Kreuzkamp.
"However, on a 12-month horizon, we stay with our positive assessment of equities," he added.
- Key figures around 0230 GMT -
Tokyo - Nikkei 225: DOWN 0.3 percent at 27,006.66 (break)
Hong Kong - Hang Seng Index: DOWN 0.1 percent at 24,529.44
Shanghai - Composite: UP 0.4 percent at 3,441.42
West Texas Intermediate: DOWN 0.4 percent at $95.12 per barrel
Brent North Sea crude: DOWN 0.3 percent at $96.22 per barrel
Euro/dollar: UP at $1.1312 from $1.1305 late Monday
Pound/dollar: UP at $1.3538 from $1.3526
Euro/pound: UP at 83.56 pence from 83.54 pence
Dollar/yen: DOWN at 115.43 yen from 115.55 yen
New York - Dow: DOWN 0.5 percent at 34,566.17 (close)
London - FTSE 100: DOWN 1.7 percent at 7,531.59 (close)