Asian stocks today: Markets stay cautious as Middle East tensions, Fed rate worries keep investors on edge

Asian markets treaded water Monday, dampened by Middle East ceasefire doubts and anticipation of more US interest rate hikes. Major indices like Japan's Nikkei and South Korea's Kospi saw declines. Investors are also reassessing AI stock valuations, with a shift towards defensive sectors. The dollar remains strong against a backdrop of potential Fed tightening, while gold prices dipped.