Asian stocks rise for third day as Nvidia beats

Brent crude futures LCOc1 were down 0.8% at $87.11, with the benchmark on track to fall for a fourth consecutive day as Qatar's prime minister prepares to visit Tehran on Thursday in an effort to relaunch peace talks between the U.S. and Iran.

"Crude oil prices continued to gradually ease despite a still highly uncertain outlook around management of the Strait of Hormuz and the current health of global oil supply, especially in light of renewed threats of escalation from Putin in the Russia-Ukraine war," Westpac analysts wrote.

Gold XAU= rallied 0.3% to $4,604.27 an ounce after a pullback on Wednesday. In cryptocurrency markets, bitcoin BTC= was up 0.5% at $78,824.80, while ether ETH= climbed 0.9% to $2,493.41.

All three are benefiting from the revival of so-called "dollar debasement trades" after the U.S. Treasury Department intervened in bond markets last week, and for the month are up 14%, 25% and 34% respectively.