Asian markets traded mostly higher in early deals on Tuesday, buoyed by a sharp pullback in global oil prices amidst signs of delayed military escalation in the Middle East with the reports of potential US-Iran talks. The pause in US strikes on Iran averted a severe energy supply crisis, lowering inflation risks. Investor sentiments bolstered by Premier Li’s commitment to increasing imports and promoting balanced trade, with PBoC Governor Pan defending the nation's trade surplus. South Korea’s KOSPI soared the most among Asian indices with the hefty demand in high-bandwidth memory semiconductor, and on sharp rebound from a previous session’s worst-ever single-day decline. Japan’s Nikkei advanced after its core inflation number fell below the Bank of Japan's 2% target compared to February’s 1.6%, trimming expectations for imminent interest rate hikes. Stock market of Indonesia remained closed for Idul Fitri Festival holidays.

Nikkei up by 436.51 points or 0.85% to 51,952.00, Straits Times rose by 11.83 points or 0.24% to 4,853.13, Hang Seng soared by 444.53 points 1.79% to 24,827.00, Taiwan weighted increases by 243.07 points or 0.74% to 32,965.57, KOSPI Index bullish by 116.37 points or 2.15% to 5,522.12, and Shanghai Composite higher by 36.06 points or 0.95% to 3,849.34.

On the flip side, FTSE Bursa Malaysia KLCI index decreased by 14.82 points or 0.86% to 1,705.89.