Asian markets fell across the board in on Tuesday as investors remained cautious amid rising global tensions.
The Greater China markets fell, reversing gains seen over the last two sessions. The Shanghai composite shed 2.26 percent to close at 2,594.83 while the Shenzhen composite declined 1.92 percent to 1,300.29.
Meanwhile, Hong Kong's Hang Seng index fell 3 percent in afternoon trade.
"Yesterday's 4.1% rally in the Shanghai Composite Index is likely to have been a dead cat bounce," strategists at DBS Group Research wrote in a morning note. "Any stimulus by China should be viewed not as a boost but as a cushion against a slowing economy against external headwinds."
In South Korea, the Kospi fell 2.57 percent to 2,106.10, closing at a low not seen since March 2017.
One investor suggested that the time is not ripe to re-enter Asian markets.
"In the short term, we believe that the U.S. dollar is still a bit too strong and also, interest rates in the U.S. are likely to continue to rise and also, the trade tensions at the moment are still a little bit too high," Khiem Do, head of Asian multi-asset at Barings, told CNBC's "Squawk Box" on Tuesday.
"I think that we need to see those three catalysts actually improving somewhat for us to re-enter into... the markets," he said.
Australia's ASX 200 closed down 1.05 percent at 5,843.1, with the heavily-weighted financial sector falling 1.18 percent and the energy subindex declining 3.21 percent.
Shares of hospital operator Healthscope jumped 19.33 percent Down Under after the company said it had received a takeover proposal from a consortium for 4.11 billion Australian dollars ($2.9 billion), according to Reuters.