On Wall Street, stocks closed mixed after big name technology stocks traded lower. The Dow Jones industrial average closed 0.07 percent or 14.79 points up at 21,409.55, the S&P 500 edged higher by 0.03 percent or 0.77 points to end at 2,439.07 and the Nasdaq declined 0.29 percent or 18.1 points to close at 6,247.15.

Investors will also digest the outcome of the first meeting between Indian Prime Minister Narendra Modi and U.S. President Donald Trump, which took place on Monday U.S. time. The two leaders discussed issues relating to trade and defense.

Oil prices rose, but increasing crude production and worries over an oversupply in oil markets continued to weigh. Brent crude futures rose 0.6 percent to settle at $45.83 a barrel and U.S. crude futures advanced 0.8 percent to settle at $43.38.

In currency news, the dollar index, which measures the greenback against a basket of currencies, traded at 97.426 at 6:50 a.m. HK/SIN, higher than the 97.2 handle seen in the previous session. Against the yen, the dollar strengthened to trade at 111.87, around a five-week high.

Gold prices tumbled by almost $20 an ounce during London trading hours, with spot gold trading as low as $1.236.46 an ounce. More than 1.8 million ounces of the yellow metal was traded within one minute, which was more than volumes traded during recent risk events, said ANZ Senior Economist Cherelle Murphy in a Tuesday morning note.

The move was possibly due to a mistake or human error, Reuters reported. Spot gold last traded at $1,242.76.