Asia stocks rise on earnings hopes; keep wary eye on Mideast tensions

HONG KONG - Asian stocks rose in cautious trade on Tuesday, with investors choosing to focus on corporate earnings prospects and the resilience of the U.S. economy ahead of tensions in the Middle East.Overnight the S&P 500 had climbed 1%, while oil prices and the U.S. dollar had fallen.

Benchmark 10-year Treasury yields are about 15 basis points off 16-year highs, though they crept higher in Asia trade Tuesday to 4.7331%. Israel's shekel weakened beyond 4-to-the-dollar for the first time since 2015 on Monday, as it bears some of the brunt of worry and uncertainty about the Gaza situation.

Brent futures were last down 23 cents or 0.25% to $89.43 a barrel. Bitcoin had leapt on Monday before giving up gains after BlackRock denied a report that it had won approval for a bitcoin exchange traded fund.Enbridge Stock: Keep Your Eye on the Prize

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Asia Stocks to Rise on Mideast Diplomacy Efforts: Markets Wrap(Bloomberg) -- Asia stocks are set for gains Tuesday after US equities rose amid diplomatic efforts to prevent the Israel-Hamas war from expanding into a...
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