Asian equity markets were mostly higher on Tuesday as geopolitical concerns in eastern Ukraine and the Gaza strip eased following new developments overnight.
News of a breakthrough in negotiations over the developments at the downed Malaysia Airlines crash site helped to stabilize sentiment. Rebel leaders handed over two black boxes to Malaysian experts in Donetsk who confirmed they were in good condition. Focus now turns to a meeting of euro zone foreign ministers on Tuesday to discuss further sanctions against Russia.
Hopes for a ceasefire in Gaza are also in focus after U.S. Secretary of State John Kerry and United Nations chief Ban Ki Moon arrived in Cairo for talks aimed at stopping the bloodshed.