Global Markets

The centrepiece of the truce is a pledge by China to purchase at least an additional $200 billion worth of US farm products and other goods and services over two years, over a baseline of $186 billion in purchases in 2017.

A greenshoe option, or over-allotment, allows companies to issue more shares in an IPO when there is greater demand from participants during the initial offering.

Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran's retaliatory attack on US forces in Iraq on Wednesday.

U.S. West Texas Intermediate crude was at $63.77 a barrel, up 72 cents, or 1.14%, after touching $64.72, the highest since April.

Shares of oil giant Saudi Aramco fell 1.7 per cent to their lowest level since listing last month in a record initial public offering (IPO).

Brent crude futures jumped nearly $3 to hit a high of $69.16 a barrel, the highest since Sept. 17. The front-month Brent March contract was at $68.25 a barrel, up $2.00, or 3%, by 0258 GMT (8:28 am in India).

Blue-chip shares in China rose 0.29 per cent after Premier Li Keqiang said on Monday the government was considering more measures to lower corporate financing costs.

Trade thinned in the run-up to Christmas and investors seemed content to digest the chunky gains already made so far this month. MSCI's broadest index of Asia-Pacific shares outside Japan was a fraction firmer in early trade, having gained 1.2 per cent for the week so far and almost 5 per cent for the month.

Market reaction, however, has so far been limited as the Republican-controlled Senate is widely expected not to vote to remove Trump from office.

The mood carried MSCI's broadest index of Asia-Pacific shares outside Japan up 0.4 per cent to its highest since April.

Aramco has priced its IPO at 32 riyals ($8.53) per share, the high end of the target range, surpassing the $25 billion raised by Chinese retail giant Alibaba in its 2014 Wall Street debut.

The state-owned oil giant set the final price of its shares at 32 riyals ($8.53), valuing the world's most profitable company at $1.7 trillion.

The IPO "will allow investors inside and outside the kingdom to contribute to this leading company," Saudi Arabia's King Salman said.

The world's most profitable company starts a share sale on November 17 in an initial public offering (IPO) that may raise between $20 billion and $40 billion.

The offer price for the public retail offering will be no more than 188 HK dollars (24 US dollars) per share.