In Asian trading, Japan's benchmark Nikkei 225 shed 1.0% to finish at 38,488.34. Shares in Japan’s Nippon Steel Corp. jumped 2.3% after it announced that its acquisition of U.S. Steel, which met U.S. government opposition for more than a year, was finally completed.

By Johann M Cherian and Amanda Cooper LONDON (Reuters) -Stocks fell, while oil and gold rose on Tuesday, as fighting between Israel and Iran entered a fifth day, raising investor concerns over the risk of a broader regional conflict in a week packed with key central bank decisions.

Asia stock markets were little changed on Monday, following Friday’s sharp sell-off on Wall Street amid escalating Middle East tensions and global economic concerns. Investors digested a batch of mixed Chinese economic data.