Asian stocks traded higher as oil backed off from $120 a barrel on rumors Libya's Muammar Gaddafi had been shot, prompting a corresponding recovery in U.S. equities the day before.
Asian stocks weakened after Wall Street extended losses as violence in Libya prompted a spike in oil prices.
Asian stocks fell for a second day as investors pull out from riskier assets, with turmoil in Libya driving crude oil prices to 30-month highs and sparking worry of slower global growth.
Japan's Nikkei average fell 2 percent on Tuesday, away from 9-1/2-month highs and its first decline in seven days, as turmoil in the Middle East triggered profit-taking in blue-chip shares.
Asian shares mostly eased on Monday as spreading tensions in Libya and other oil-producing regions encouraged some mild profit taking after last week's solid gains.
Asian stocks were mixed on Friday. Still, markets are set to finish their best week in two months as investors scooped up bargains amid signs that heavy selling of the past few weeks was drawing to a close.
The Nikkei average rose for a fourth session on Thursday to a 9-1/2-month high as solid earnings and global merger activity encouraged foreign investors to keep snapping up outperforming Japanese shares.
Asian stock markets traded mixed on Wednesday after a lower close on Wall Street.
Asian stocks traded mixed on Tuesday following China's closely-watched inflation data.
Asian stocks rallied on Monday, snapping five straight sessions of losses, as talk of slower-than-expected Chinese inflation helped drive Shanghai's main share index to its best level in seven weeks.
Asian stocks ended mixed on Friday as investors shunned risk on concerns about the pace of policy tightening in the region and growing tensions in Egypt.
Asian stocks were mostly lower on Thursday after a retreat on Wall Street.
Asian markets fell on Wednesday after China's central bank raised interest rates for the second time in just over six weeks to rein in stubbornly high inflation. Chinese property and resource counters remained under pressure.
Most Asian share markets struggled for traction on Tuesday, but Japan's Nikkei hit a fresh 9-month high and Australian stocks rose as hopes of a sustained recovery for the rich world encouraged investors to switch funds from emerging to developed markets.
Asian stocks were mixed on Monday after a higher open. Sentiment was supported by by a fall in the U.S. jobless rate which boosted stocks on Wall Street Friday.
Japan's Nikkei average edged lower on Thursday, after posting the biggest jump in two months the day before, as worries over an escalation of violence in Egypt nudged investors towards safer assets, offsetting strong U.S. jobs data.
Asian stocks jumped on Wednesday and the dollar sank as a surge in U.S. manufacturing and strong company earnings convinced investors to pile back into riskier assets despite turmoil in Egypt.
Asian stocks posted modest gains on Tuesday, led by shares in resource companies, as strong U.S. factory data and surging commodities prices offset fears that unrest in Egypt could spread elsewhere in the Middle East.
Asian stocks slid on Monday following Friday's sharp drop on Wall Street as anti-government rioting in Egypt prompted investors to flee to less risky assets to ride out the turmoil.