Asia-Pacific markets mixed after sharp falls in previous session

The U.S. dollar and bond yields are poised to rise further as interest rates rise, said Anthony Raza, head of multi-asset strategy at UOB Asset Management.

"We think there's still a lot of upward opportunity in the DXY," he told CNBC's "Squawk Box Asia" referring to the dollar index. "And we think that bond yields generally will be having some sort of gravity upwards as I think the market really gets locked into a Fed funds rate path that is going to be upward."

The U.S. dollar has strengthened against a basket of six peers this year, and last traded at 108.515.

That will increase pressure on other countries, but the economy and markets appear to have adjusted to a strong greenback and higher yields. "We're not necessarily overly bearish about it," Raza said.

— Abigail Ng

Recent stimulus measures introduced by the Chinese government are a good sign, but consumer confidence remains weak, said Marcella Chow, a global market strategist at JPMorgan Asset Management.

"We are encouraged by recent stimulus measures," she said, adding that she will pay attention to purchasing managers' index readings due this week and whether additional measures are passed at its next parliamentary session.

"What we are looking for is consumer confidence and also consumer conviction, as well as investor conviction [to come] back into the market," she told CNBC's "Street Signs Asia."

Chow also said she remains constructive on China in the long term because valuations are low and structural themes remain strong in the long run.

— Abigail Ng

The U.S. will be going into a recession unless a "miracle" happens, said Stephen Roach, who was formerly chair of Morgan Stanley Asia.

"We'll definitely have a recession as the lagged impacts of this major monetary tightening start to kick in," he told CNBC's "Fast Money" on Monday. "They haven't kicked in at all right now."

"The unemployment rate has got to go probably above 5%, hopefully not a whole lot higher than that. But it could go to 6%," Roach added.

— Jihye Lee, Stephanie Landsman

Japan's jobless rate was unchanged at 2.6% in July, in line with expectations and flat for the third consecutive month, according to official data.

Economist Marcel Thieliant at Capital Economics told CNBC's "Squawk Box Asia" that the country has a huge shortfall in face-to-face services employment compared to pre-Covid levels.

He added data suggests consumption has been affected, pointing to the recent spike in virus cases in the nation.

"That would result in the stalling of the improvement in the labor market and today's stagnation in the in the unemployment rates is consistent with that," he said.

— Abigail Ng

A "seasonally weak" period for equities is just around the corner, and that could mean more volatility for stock markets.

But King Lip, chief strategist at BakerAvenue Wealth Management, believes one FAANG stock could be a safe bet.

Pro subscribers can read the story here.

— Zavier Ong

Shares of Honda Motor and LG Energy Solution rose at the open following an announcement that the two companies plan to build a $4.4 billion battery plant in the U.S.

Honda Motors traded 1.7% higher in Tokyo and LG Energy Solution rose 3.4% in Seoul in Tuesday's morning session.

A slew of companies, including Panasonic and Stellantis, have recently announced plans to invest in American production of battery cells for electric vehicles. The facility is set to start mass producing advanced lithium-ion battery cells by the end of 2025.

—Jihye Lee

Stocks burning through cash are about to get hit, says David Trainer, CEO of investment research firm New Constructs.

That's because interest rates are going to get even higher, which means liquidity will start to dry up, he explained

He tells investors to avoid "zombie" stocks and identifies stronger bets.

CNBC Pro subscribers can read more here.

— Weizhen Tan

After falling for much of July and August, the price of oil is starting to make a comeback.

Oil prices settled up more than 4% on Monday, and futures for U.S. benchmark West Texas Intermediate crude is now trading above $96 per barrel again.

The volatility in oil prices reflects uncertainty about supply, with the Russia invasion of Ukraine ongoing and OPEC+ considering output cuts, and demand, with growing concerns about a global recession.

Lower oil prices were also a major reason for cooler inflation readings for the U.S. in recent weeks.

— Jesse Pound