Asian stocks fall, oil climbs as AI earnings loom

Asian stocks fell broadly on Tuesday while oil prices rose, as geopolitical risks weighed on sentiment ahead of key earnings from AI-focused companies. The euro recovered some losses from the previous session, which had been driven by riots in France. Crude prices climbed as markets weighed a US executive order waiving some sanctions and tariffs on Russian energy. Investors are focused on corporate earnings, with results due from SpaceX and Netflix on Tuesday, and from AI heavyweights like Meta and Tesla later in the week. South Korea's KOSPI fell 3.92 percent, while Japan's Nikkei 225 dropped 0.98 percent. French authorities set curfews in several cities after weekend riots, and a Houthi attack in Yemen killed dozens. Analysts note investors are questioning whether AI capital spending yields sufficient returns, shifting the focus from earnings to balance-sheet and unit-economics concerns.