• MSCI's broadest index of Asia-Pacific shares pushed 1.5% higher, moving away from the seven-month low it hit last week Published November 10, 2026 Updated 5 minutes ago By Reuters SINGAPORE: Asian stocks rose on Tuesday as a drop in oil prices after US President Donald Trump said he plans to hold off on new military strikes against Iran lifted sentiment ahead of US inflation data that could sway the near-term interest rate outlook. Brent crude futures were hovering at their lowest levels since early September, well below $100 per barrel, as investors pinned their hopes on possible talks between US and Iran. They were last down 1% at $91.56 a barrel. The US-Israeli war with Iran, which erupted at the end of February, has stoked inflationary concerns across the globe, spurring major central banks to raise rates in recent months. Nick Twidale, chief market strategist at ATFX Global, said the latest developments offered hope that an end to the conflict could be approaching, but there was still a considerable gap between diplomacy and a lasting peace agreement. “The risk now is that markets have moved too far, too quickly … any indication that negotiations are faltering could see a ⁠substantial rebound in prices as traders rapidly rebuild the geopolitical risk premium,” he said. The slump in oil prices eased inflation worries and helped lift stocks after last week’s rout as a sweeping victory by Democrats in the US midterm elections fed concerns that new regulations could dent the durability of the AI trade. South Korea’s KOSPI rose over 5%, while Japan’s Nikkei gained about 3% in early trading. MSCI’s broadest index of Asia-Pacific shares pushed 1.5% higher, moving away from the seven-month low it hit last week. On Monday, the S&P 500 clocked its biggest one-day jump since April, closing up 2.35% while the Nasdaq closed 2.7% higher, its best day in over four months. “We believe resets in expectations are healthy, and the AI trade appears to be working through a reset of its own at the moment,” said Anthony Saglimbene, chief market strategist at Ameriprise. Earnings reports due this week from tech companies including CoreWeave, a barometer of investor anxiety over…