Asian stocks gained on Tuesday as hopes for an agreement on Greece's debt situation lifted risk appetite, while a sharp rebound in oil prices boosted commodity currencies such as the Canadian dollar and Norwegian crown. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.2 percent. Also a boon for risk assets was an extended rally by crude oil which had plumbed multi-year lows last week and helped fuel concerns about its negative impact on the global economy. U.S. crude oil was up 1.4 percent at $50.25 a barrel, already having surged more than 10 percent over the past two sessions as some investors bet that a bottom had been reached after a seven-month long rout.
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