Alibaba 's upsized $10 billion buyback programme failed to ease concerns about a regulatory crackdown on co-founder Jack Ma's e-commerce and financial empire
Optimism over a swift vaccine-fuelled economic recovery dented allure for safe havens.
The mega deal is a sign that deal-making activity is accelerating as breakthroughs in developing COVID-19 vaccines improve the economic outlook
MSCI's broadest index of Asia-Pacific shares outside Japan gained 1 per cent to hit its highest since its launch in 1987 with markets across the region making milestone peaks.
Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman said the OPEC+ deal on oil output cuts could be adjusted if there is consensus among members of the group.
Crude oil rates surged more than 10 per cent on Monday in their biggest single-day gain in six months, on hopes of a COVID-19 vaccine and a cut in output by top producers. Brent crude futures - the global benchmark for crude oil - soared to quote at $43.48 per barrel at the strongest level recorded during the session compared to their previous close. That marked an increase of $4.03 per barrel - or 10.22 per cent - at the intraday high, compared to Friday's close of $39.45 per barrel.
Chinese authorities have abruptly thrown into doubt the future of Ant Group Co. and its celebrated founder, the billionaire Jack Ma.
Beijing's surprise actions on Tuesday thwarted the world's largest stock market debut with just days to go, in a dramatic blow to the financial technology firm founded by billionaire Jack Ma.
The company will have to boost capital and reapply for national licenses before the sale can go ahead.
The Shanghai stock exchange will suspend the listing after Jack Ma was called in for "supervisory interviews" by related agencies, it said in a statement Tuesday.
Gold, which is seen as a hedge against inflation and currency debasement, has gained over 24% so far this year on unprecedented stimulus measures.
Stocks have swung significantly in recent days and more volatility is expected in the wake of the US election.
Exxon posted its third straight quarter of losses on Friday and reduced spending plans for the coming year.
A strong central bank-fuelled bounce back from the initial pandemic slide earlier in the year has faltered this week.