Asia-Pacific markets were mixed as investors assessed the market impact of the attack on Israel by Palestinian militant group Hamas.
Japan's Nikkei 225 jumped over 2.4%, leading gains in the region as the country comes back from a public holiday, with the Topix also gaining 2.09%. The indexes ended the day at 31,746.53 and 2,312.19 respectively.
In Australia, the S&P/ASX 200 climbed 1.01% and closed at 7,040.6, extending gains from Monday and moving above the 7,000 mark.
South Korea's Kospi reversed earlier gains to fall 0.26% and finish at 2,402.58, hitting its lowest level since March 21,while the Kosdaq tumbled 2.62% to its lowest level since March 16, closing at 795.
Hong Kong's Hang Seng index rose 0.84% in its final hour, while mainland Chinese markets were in negative territory, with the CSI 300 falling 0.75% to 3,657.13, notching a three-day losing streak.
Hong Kong experienced a shortened trading day of just two hours Monday after the city canceled its morning session due to a typhoon warning.
Overnight in the U.S., all three major indexes reversed losses in the earlier part of the trading day to gain ground. The Dow Jones Industrial Average was higher by 0.59%, while the S&P 500 gained 0.63%. The tech-heavy Nasdaq Composite added 0.39%.
— CNBC's Pia Singh and Brian Evans contributed to this report.
Guzman y Gomez CEOs say the company could debut in 2024 or 2025
Guzman y Gomez could go public in 2024 or 2025, Hilton Brett, co-CEO of the fast food restaurant chain, told CNBC's "Street Signs Asia."
"We haven't got a fixed date on that" but the details of an initial public offering would be "determined by market conditions of that time ... and also as we kind of extend our search for a CFO to come into place in the business," he added.
Guzman y Gomez currently operates in Australia, Japan and Singapore and is pushing to expand further in the U.S.
Fellow co-CEO Steven Marks said, however, the IPO would likely list in Australia.
— Quek Jie Ann
Philippines August exports expand at fastest pace this year
Exports from the Philippines climbed 4.2% in August, rebounding from July's revised 0.9% contraction and marking the fastest pace of expansion this year.
Imports slid 13.1% year on year, a softer contraction from the revised 15.2% loss in July.
Total external trade for the Philippines came in at $17.53 billion in August, down 7.2% year on year.
The country's trade deficit stood at $4.13 billion, shrinking by almost a third from a year ago.
— Lim Hui Jie
Hong Kong stocks roar back after shortened trading day
Hong Kong stocks extended gains on Tuesday, with the Hang Seng index up as much as 2% and among top gainers in Asian markets.
Logistics company Orient Overseas was a rare decliner on the day, down 3.9%.
Hong Kong experienced a shortened trading day of just two hours in the previous session due to a typhoon warning.
— Shreyashi Sanyal
Japan's Nikkei jumps 2%, powered by gains in energy and distribution stocks
Japan's benchmark Nikkei 225 surged over 2% on Tuesday, led by gains in energy and distribution stocks.
The largest gainer on the index is oil exploration company Inpex Corporation, while other top gainers also include trading house Mitsui and Co, as well as engineering company Mitsubishi Heavy Industries.
— Lim Hui Jie
CNBC Pro: Goldman Sachs says Japan is a 'bright spot' right now and reveals some top stocks
Goldman Sachs is bullish on Japan right now and says one sector in particular is seeing a "high level of interest" following rallies of around 30%.
The bank reveals two stocks to buy and gives both around 20% upside potential.
— Amala Balakrishner
CNBC Pro: 'Cheap' and 'compelling': Pros name the oil stocks to buy — giving one over 120% upside
The conflict between Israel and Hamas may not have a direct impact on oil supply, but it's likely to drive up oil prices in the short term just based on fears of a wider escalation, according to analysts.
CNBC Pro asked fund managers and analysts which energy names they would focus on.
— Weizhen Tan
All sectors end Monday higher, led by gains in energy and industrials
All sectors ended Monday in the green, led by gains in energy and industrials, which closed higher by 3.5%, and 1.6%, respectively. Oil and natural-gas prices jumped during the day, driven by Hamas' attack on Israel and Israel's ensuing battle against the Hamas militants, leading to concerns about the region's oil supply.
Along with oil and gas giants, major defense companies also jumped amid the Middle East conflict. Defense tech and aerospace giants Northrop Grumman Corp and L3Harris Technologies led industrials higher, adding 11.4% and 9.9%, respectively. Lockheed Martin also climbed 9.9%.
The real estate sector gained 1.3%, while utilities added 1%.
— Pia Singh