Asian markets mixed following 2% jump in oil prices; dollar softer

Asian Market 1

Asian markets were mixed in Tuesday trade, following the bounce in oil prices after the energy ministers of Russia and Saudi Arabia announced output cuts should be extended till March 2018 and as investors largely shrugged off US political news on President Donald Trump.

The Nikkei 225 gained 0.52 percent and traded at its highest levels since December 2015. In an exclusive interview with CNBC, Japanese Prime Minister Shinzo Abe said Monday that his country would continue pushing for a trans-Pacific trade deal, but he hoped the US would rejoin the pact.

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