Global markets hit nervous patch on liquidity, geopolitical worries

The mood across global markets has hit a sombre note. Wall street clocked it's worst day of June with the Dow dropping over 150 points after Fed officials moved to curb rate-cut enthusiasm. Investors still appear to be predicting a cut next month but they've scaled back more aggressive bets . Simmering US-Iran tensions have also spoilt the mood across Asia, with most Asian markets trading in the red.