Asian markets, Apple suppliers, Australia GDP

Australia's economy grew by 0.2% quarter-on-quarter in the fourth quarter of 2023. Australian Bureau of Statistics.

The reading was driven by government spending and private business investment. That was slightly below the Reuters poll estimate of a 0.3% rise.

“Growth was steady in December, but slowed in each quarter in 2023,” Kathryn Keenan, ABS Head of National Accounts said.

“Government spending and private business investment were the main drivers of GDP growth this quarter.”

Real GDP was 1.5% in the twelve months to December, compared with a Reuters poll for a 1.4% increase.

– Shreyashi Sanyal

South Korea's inflation rate It rose to 3.1% for the first time in three months, up from 2.8% in January and above the 2.9% expected by a Reuters poll.

The country's core inflation rate, which strips out food and energy prices, stands at 2.5%.

South Korea's central bank was the first major central bank to halt its rate hikes until early 2023, keeping its base rate at 3.5%.

– Lim Hui Jee

Nvidia may have enjoyed a red-hot run on the back of the artificial intelligence craze, but many tech stocks have also benefited.

As with any investment theme, diversification is required.

Veteran tech investor Paul Meeks told CNBC Pro that while Nvidia is a “great story,” it's “too risky to be in one” when it comes to AI.

Additionally, one analyst names two startups that could be the next Nvidia.

CNBC Pro subscribers can read more here.

– Weissen Don

Crude oil futures fell on Tuesday as China's promise to boost economic growth and OPEC+'s decision to extend its production cuts fell with traders.

The West Texas Intermediate contract for April delivery was down 59 cents, or 0.75%, at $78.15 a barrel. May Brent futures lost 76 cents, or 0.92%, to settle at $82.04 a barrel.

The Beijing government on Tuesday set an economic growth target of 5% for 2024 and announced the issuance of $138.9 billion in “ultra-long” special treasury bonds to finance key projects.

OPEC and its allies OPEC+ agreed on Sunday to extend crude oil production cuts by 2.2 million barrels per day in the second quarter.

– Spencer Kimball

During Tuesday's trading session, Tesla shares fell 5% in mid-afternoon due to overseas issues.

The electric vehicle maker's losses were due to declining sales in China.

“Tesla's China-made sales of ~60.4k vehicles fell 19% in February from ~74.5k vehicles a year earlier, according to the China Passenger Car Association,” Deutsche Bank analyst Emmanuel Rosner wrote in a note on Tuesday.

However, the analyst cautioned that these weak headline numbers aren't limited to Tesla.

Following a suspicious arson attack, the company was shut down at the Berlin factory. According to the head of Tesla's Berlin factory, production will resume this week, according to Reuters.

Bitcoin hit an all-time high on Tuesday, hitting $69,000 and breaking the previous record set in 2021. According to Coin Metrics, the cryptocurrency reached around $69,210. It was last up 1% at $68,307. The move comes amid excitement about Bitcoin ETFs and the upcoming halving event.