Most Asia markets rebound from Monday; oil eases slightly on Israel-Hamas truce extension

Hong Kong

Asia-Pacific markets were mixed on Tuesday, a day after the region saw all its major indexes end the day in negative territory.

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

.N225Nikkei 225 Index*NIKKEI32791.8483.941.5
.HSIHang Seng Index*HSI16201.49-132.88-0.81
.AXJOS&P/ASX 200*ASX 20071994.10.06
.KS11KOSPI Index*KOSPI2525.367.510.3
.FTFCNBCACNBC 100 ASIA IDX*CNBC 1008333.23-8.46-0.1

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.

Read the full story here.

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