Most Asian stocks extended recent losses on Tuesday following weak business activity readings from Japan and Australia, while Chinese markets rebounded from pre-pandemic lows as a state-run fund began snapping up some equities.
Weak sentiment- amid persistent concerns over the Israel-Hamas war- kept any major gains limited.
While diplomatic missions to deescalate the conflict appeared to have shown some progress, missile attacks between Israel and Gaza continued. Markets were also edge over a looming Israeli ground assault on Gaza, which could mark an escalation in the conflict.
