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Hong Kong stocks led Asian markets higher on Tuesday as Chinese property developer Vanke fell more than 10% while investors assessed economic data from South Korea and Australia. U.S. futures were lower, while oil prices rose. Tokyo's Nikkei 225 index climbed 0.3% to 39,936.35, recovering from Monday's losses.

Another day, another warning from Tokyo curbed the yen's decline, as the Asian currency inched closer to the 34-year low of 151.975 yen it hit last week, prompting repeated warnings of intervention. Japan's finance minister, Shunichi Suzuki, reiterated his warning of a bear market for the yen on Tuesday as Tokyo tries to prevent the currency's decline from destabilizing. After the initial shock of stronger-than-expected U.S. manufacturing data, which made the market skeptical about the Fed's timing for a rate cut, the market seems to be taking more and more evidence of economic strength in stride.

The ISM data expanded for the first time in 16 months, casting doubt on whether the Fed should start cutting spending in June.

"Bob Iger now appears to be in command and control and is launching a growth offensive," said Bank of America analyst Jessica Reif-Ehrlich.

Here's what's next for Amazon stock.

SLB is investing more in ideas that Western oil companies have been working on for more than a decade.