Asian stocks have kicked off August on the back foot as US-China tensions stir safe-haven demand. This follows on from US equities, that snapped a three-day win streak after capping their best month since 2020 last week.

Asian equities remained under pressure on Tuesday as the massive sell-off across financial markets left investors bloodied and worried.

The past few weeks have certainly not been kind to gold.

Stocks in Asia traded cautiously on Tuesday, following a negative close on Wall Street overnight as growth concerns, inflation worries and geopolitical tensions hit risk sentiment.