Asia-Pac Stocks Rise on Diplomatic Hopes and Lower Oil

Asia-Pacific stocks started the day mostly higher following a decline in oil prices and renewed optimism about diplomatic efforts. The recent drop in crude prices, which fell by an unspecified amount, contributed to the positive market sentiment.

The Iranian delegation's 'very productive' meeting with US envoys on the sidelines of the UN General Assembly also boosted investor confidence. No specific details were provided about the discussions held during the meeting.

In other news, Ukrainian President Zelensky is seeking a winter arms package from US President Trump and an energy ceasefire push, according to the WSJ. The PBoC is expected to set the USD/CNY mid-point at 6.6971, down from its previous setting of 6.7459.