Asian Markets Brace Amidst Oil Price Volatility and Geopolitical Uncertainty

Asian financial markets showed caution in holiday-thinned trading amid mixed oil prices and upcoming US-Iran nuclear talks. Key markets were closed due to holidays, while yields slipped. Japan's weak GDP figures underline challenges for its economy. Geopolitical tensions and central bank actions impact investor sentiment.

In a subdued trading atmosphere, Asian financial markets maintained a cautious stance on Tuesday, influenced by mixed oil prices and looming nuclear discussions between the U.S. and Iran set to begin later today in Geneva.

As key markets like China, Hong Kong, Singapore, Taiwan, and South Korea observed the Lunar New Year holidays, the absence of economic activity was palpable. Japan's Nikkei index fell by 0.9%, delineating a contrast with Australia's S&P/ASX200, which saw a modest rise of 0.24%.

Japan's economy, under a magnifying glass after recent GDP results fell short, highlights the need for strategic economic interventions. Investors are also eyeing geopolitical developments, particularly in the Middle East, as key factors affecting market stability.

(With inputs from agencies.)