Emerging stocks fell 0.89%. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) down 0.95%, while Japan's Nikkei (.N225) fell 0.03%.
U.S. GDP data was weaker than expected, lowering the dollar against a basket of currencies.
The dollar index (.DXY) declined 0.07% and the euro rose 0.03% to $1.0857. The Japanese yen rose 0.39% to 149.95 per dollar, while Sterling rose 0.13% to $1.2706 per dollar.
After softer-than-expected services sector data, benchmark 10-year U.S. Treasury yields fell to a one-month low as investors prepared for Friday's employment report.
Benchmark 10-year notes jumped 21/32 to 4.137% from 4.219% late Monday. From 4.355% late Monday, the 30-year bond climbed 43/32 to 4.275%.
Prior to the release of the most recent weekly crude inventory data from the United States, oil prices dropped due to skepticism surrounding China's economic growth strategy.
Compared to Brent, which declined 0.92% to $82.04 per barrel, U.S. crude decreased by 0.75% to $78.15 per barrel.
During the period that market investors were betting that the Federal Reserve would lower its main policy rate in June, gold achieved an all-time high. The price of gold increased by 0.7%, reaching $2,129.54 per ounce.
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