Asian equities rose slightly on Tuesday, to stand just off their lowest since November 2022, while the dollar eased as traders avoided bets ahead of economic data expected to offer clues to the next steps by the U.S. Federal Reserve.
Oil prices recovered some of the previous day’s losses as markets worried that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region.
MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) reversed losses to trade 0.41% higher at 476.72, off a prior level of 472.73, the lowest since November 2022.
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