Most Asian markets gained on Tuesday, led by a jump in Japan shares, as oil prices steadied after Monday's drop on producers' failure to reach a production-freeze deal over the weekend. The benchmark Nikkei 225 jumped 3.51 percent, retracing its 3.4 percent loss in the previous session, boosted by a relatively weaker yen against the dollar and as market players digested the extent of damage from last week's earthquakes.
"Investors were relieved that oil did not fall 10 percent on the back of the Doha meeting and they were quick to reward risk currencies like the Australian and New Zealand dollars with gains," said Kathy Lien, managing director of foreign exchange strategy at BK Asset Management, in a morning note.
Major US indexes closed up overnight, with the Dow Jones industrial average adding 0.6 percent, the S&P 500 gaining 0.65 percent and the Nasdaq composite up by 0.44 percent.
We Are Providing Live Market Update, Market Research Report, Equity & Commodity Trading Calls With 2 Days Free Trial..