Asian stocks opened higher on Tuesday, taking a positive cue from Wall Street overnight as geopolitical tensions eased. Earlier on Monday, Russian President Vladimir Putin said his country is coordinating with the International Red Cross to send humanitarian aid to Ukraine.
U.S. President Barack Obama said Iraq made important strides toward rebuffing a militant group on Monday with the designation of a new prime minister and urged the formation of an inclusive government to address the needs of all Iraqis.
Over in the Middle East, Israel and Hamas agreed on Sunday to an Egyptian proposal for a new 72-hour ceasefire. Stocks on Wall Street posted gains for second straight session on light trading volumes as investors were cautiously optimistic about easing geopolitical tensions.