Asian stocks advance on earnings, higher oil price(update)

BANGKOK: Asian shares moved higher Tuesday after overnight gains on Wall Street offset worries about political unrest in Egypt and the prospects of an imminent interest rate hike by China's central bank appeared to fade.

Oil prices hovered near $92 a barrel amid concerns a power struggle in Egypt, which has been rocked by anti-government protests, could shut the Suez Canal - a major route for oil tankers to Europe and North America. In currencies, the dollar was lower against the yen and the euro.