China October imports in USD terms YoY 41.6% (consensus 32%; prior 31.0%).

South Korean equities rose on Tuesday, ending a three-day slide as a U.S. tech rebound and weaker global oil eased inflation worries. The won weakened and government bond yields climbed: the most liquid 3-year yield rose 1.9bps to 3.653% and the 10-year benchmark was up 0.7bps at 3.865%. Major movers: Samsung Electronics +4%, SK Hynix +5%, LG Energy Solution +4%, Hyundai Motor +2%, POSCO Holdings +3%; Samsung Biologics -2%. Foreign investors were net buyers of about KRW136.2bn of equities.

Nasdaq 100 extends gains to 2%, S&P 500 up 1.5%.