Asian markets mostly fell Wednesday morning, mirroring a rout of US tech titans the previous day as investors await signals of an interest rate cut in the world's largest economy.

The dips also came after top US and European military leaders met in Washington on Tuesday to discuss the mechanics of a possible Ukraine peace deal.

Recent days have seen a whirlwind of diplomatic efforts to resolve the protracted war after President Donald Trump's high-stakes meeting with Russian counterpart Vladimir Putin in Alaska.

Eyes are now on potential face-to-face talks between Putin and Ukrainian President Volodymyr Zelensky, who has said he is ready for such a meeting.

The negotiations have sparked volatility in oil markets, which fell back Tuesday from gains made on Monday.

Tokyo's Nikkei droppe

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