Kospi led Asian gains, rising 2.32% on Tuesday, topping the rally among regional indices, according to NSE data. Nikkei advanced 0.75%, Topix slipped 0.32%, and Hang Seng futures edged up 0.4%.
Brent crude slid below $105, settling at $104 per barrel, while U.S. crude fell to $101.15, marking the third straight day of decline, Reuters reported.
The 10‑year U.S. Treasury yield fell nine basis points to 4.93%, easing pressure on inflation expectations, Bloomberg data shows.
The yen traded at 155.95 per dollar, holding steady as traders await the Bank of Japan's policy meeting, with Bloomberg forecasting a 1.25% benchmark rate from 1%.
Investors now focus on the sustainability of oil’s decline amid U.S.-Iran tensions, the Fed's upcoming minutes, and the BoJ decision, all of which could shape future market momentum.