Asian shares slid on Tuesday amid worries about U.S. investment curbs on China, while a run-up in the euro faded as investors wait for Germany to sort out the formation of its new government with no major surprises.

Frankfurt equities and the euro rose Monday after conservatives led by Friedrich Merz won Germany's national election, with investors hoping that Europe's largest economy can emerge from recession.

By Alden Bentley, Harry Robertson and Wayne Cole NEW YORK/LONDON/SYDNEY (Reuters) -Wall Street struggled for traction on Monday, ending mixed after slumping last week, while German election results buoyed German shares and Europe's single currency as investors waited for midweek results from artificial intelligence chip leader Nvidia.

The German election may fuel optimism about potential fiscal policy reform, which is expected to revitalise Europe's largest economy. The euro and the DAX could strengthen further amid the projected result.

Merz expressed concern over changing relations with Washington under the Trump administration, emphasizing the need for gradual independence from the U.S.