Asian Shares Mostly Higher As China Trade Data Smashes Forecasts

Asian stocks ended mostly higher on Tuesday, reversing early losses as upbeat Chinese trade data helped offset concerns over escalating military clashes between the United States and Iran.

Brent crude prices jumped nearly 3 percent toward $86 a barrel, bringing gains for the week to more than 10 percent after U.S. President Donald Trump reimposed a blockade on Iranian ships transiting the Strait of Hormuz and proposed to impose a 20 percent fee on all cargo passing through the vital waterway for guarding it.