Earlier on Tuesday, oil prices eased somewhat lower after Qatar said the truce between Israel and Hamas has been extended by a further two days.
However, the losses were reversed on Tuesday, with the Brent futures contract for January trading at $80.17 a barrel, while West Texas Intermediate crude futures trading at at $75.01 a barrel.
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South Korea’s Kospi was up 1.05%, leading gains in Asia and ending at 2,521.76, while the small-cap Kosdaq saw a smaller gain of 0.76% and ended at 816.44.
In Australia, the S&P/ASX 200 gained 0.39% and closed at 7,015.2, ahead of its October inflation readings on Wednesday.
Japan’s markets slipped lower, with the Nikkei 225 shedding 0.12% and closing at 33,408.39. The Topix fell 0.21% to 2,376.71.
Hong Kong’s Hang Seng index tumbled 1.02% in its final hour of trade, also extending its losses from Monday, but the mainland Chinese CSI 300 index reversed earlier losses to rise 0.19% and finish at 3,518.52
| TICKER | COMPANY | NAME | PRICE | CHANGE | %CHANGE |
|---|---|---|---|---|---|
| .N225 | Nikkei 225 Index | *NIKKEI | 32791.8 | 483.94 | 1.5 |
| .HSI | Hang Seng Index | *HSI | 16201.49 | -132.88 | -0.81 |
| .AXJO | S&P/ASX 200 | *ASX 200 | 7199 | 4.1 | 0.06 |
| .SSEC | Shanghai | *SHANGHAI | 2991.44 | 21.88 | 0.74 |
| .KS11 | KOSPI Index | *KOSPI | 2525.36 | 7.51 | 0.3 |
| .FTFCNBCA | CNBC 100 ASIA IDX | *CNBC 100 | 8333.23 | -8.46 | -0.1 |
Overnight in the U.S., all three major indexes lost ground on Monday, a day after the major averages posted a four-week winning streak.
Stocks have rallied since the 10-year Treasury yield retreated from the 5% mark it briefly topped in late October. The S&P 500 is up 8.5% so far this month, while the Dow has added 6.9% and the Nasdaq has jumped 10.8%.
On Monday, the Dow Jones Industrial Average lost 0.16%, while the S&P 500 shed 0.2%. The Nasdaq Composite saw the smallest loss, edging lower by 0.07%.
— CNBC’s Pia Singh and Jesse Pound contributed to this report
MON, NOV 27 202311:24 PM EST
Foxconn Taiwan shares climb 1% after $1.5 billion investment in India
Taiwan-listed shares of iPhone manufacturer Foxconn climbed almost 1% after the company announced a $1.5 billion investment in India.
Foxconn, which trades as Hon Hai Precision Industry in Taiwan, saw its shares stand at 102.5 New Taiwan dollars ($3.26) on Tuesday.
The investment in India is a construction project, and is aimed at fulfilling the Apple supplier’s “operational needs,” the company announced in Taiwanese security filing.