Asian markets fell sharply on Tuesday, following Wall Street’s losses, as investors remained cautious ahead of the release of key US employment and inflation figures. Concerns over a potential tech bubble added to the cautious mood.Hong Kong’s HSI was trading at 25,139, down 489 or 1.91%. Nikkei also trimmed 673 points or 1.34% to 49,494. Shanghai and Shenzhen were down 1.22% or 1.88%, respectively. South Korean Kospi also dipped 73 points to trade at 4,016 at 10:05 AM IST.Markets, after a strong, tech-led rally this year, have slowed, as traders opt for a wait-and-see approach, amid heavy investments in artificial intelligence and signs that the Federal Reserve may halt further rate cuts. The spotlight is on the US November jobs report, along with delayed October data, due later today. Analysts say the figures, followed by Thursday’s consumer price index, will provide insight into the Fed’s plans for interest rates in early 2026. Fed officials remain divided on the decision. Governor Stephen Miran, appointed by Donald Trump, said rates are still too high while New York Fed President John Williams described them as “about the right place.” Boston Fed President Susan Collins called the decision a “close call,” according to AFP. The downbeat mood further extended to cryptocurrencies, with bitcoin dropping to $85,171. Gold, continued its safe haven charm, rising above $4,300, nearing record highs. The Japanese yen gained against the dollar ahead of the Bank of Japan’s expected rate hike on Friday.