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Asia-Pacific markets jumped Tuesday, with South Korean equities leading regional gains after a sharp drop in oil prices eased investor concerns following signs of de-escalation in the Middle East conflict.

South Korea’s Kospi surged 3.5%, while the small-cap Kosdaq was 3.29% higher. Japan’s Nikkei 225

rose 2.2%, while the Topix added 2.47%. Australia’s S&P/ASX 200

rose by over 0.74%.