Asian equity markets were mostly lower on Tuesday as tensions over Ukraine took the shine off Wall Street's overnight gains.
Focus was on Europe where Ukrainian president Petro Poroshenko is due to meet Russian leader Vladimir Putin in Belarus on Tuesday. The meeting comes after Poroshenko dissolved Ukraine's parliament on Monday and announced that new parliamentary elections will take place on October.
Meanwhile, global markets rallied overnight with the S&P 500 crossing 2,000 for the first time on optimism that the European Central Bank (ECB) would pursue further moves to stimulate the European economy following Mario Draghi's speech at Jackson Hole, Wyoming last week.
"The issue here is Germany, the largest weighted nation, does not require stimulus, whereas Portugal does. This is why Mario Draghi has a very thin line to walk. He's bound by laws that govern the whole zone but really needs to target individual economies," said Evan Lucas, market strategist at IG, in a note.