Tokyo stocks gained ground on Tuesday following a plunge on the previous day as bargain hunters targeted the dip, pushing up the index.

Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, gained 1.93 per cent, or 732.42 points, to close at 38,651.97.

The market was also buoyed by a weakening yen, with the yen trading at around 144 per dollar, as well as gains on Wall Street, reports news agency.

Despite the rebound, concerns over the new government's economic policies led to some profit-taking after the initial buying spree.

Shigeru Ishiba, leader of Japan's ruling Liberal Democratic Party (LDP), was officially elected the country's prime minister on Tuesday after winning a majority of votes in both houses of parliament. The market has been closely watching how his economic policies will fold out.

Unemployment rate in Japan decreased in August from a month earlier, the government said in a report on Tuesday.

According to the Ministry of Internal Affairs and Communications, the seasonally adjusted jobless rate stood at 2.5 per cent in August, down from 2.7 per cent in July.

Meanwhile, the job availability ratio dropped 0.01 points from July to 1.23, indicating that there were 123 available jobs for every 100 people seeking work in August, separate data from the Ministry of Health, Labour and Welfare showed.

While labour shortages persist, some companies have been holding back on recruitment due to rising costs driven by inflation, news agency reported.

New job postings, considered an economic indicator, fell by 6.5 per cent year-on-year, particularly in the hospitality and dining services sectors, where postings dropped by 23.5 per cent.

Nigeria has freshly secured up to $1.57 billion in financing from the World Bank to strengthen human capital through better health for women, children, and adolescents while building resilience to the effects of climate change.

The new loan includes some $500 million to address the governance issues that constrain education and health, $570 million to strengthen primary health care, and another $500 million for the Sustainable Power and Irrigation for Nigeria (SPIN) project, Ndiame Diop, Country Director for the World Bank in Nigeria, said in a statement on Monday.

"This new financing for human capital and primary health care will help address the complex difficulties faced by Nigerians, especially women and girls around access and quality of services, but also the governance arrangements that also explain these difficulties," Diop said, News agency reported.

A three-vehicle collision left at least nine people dead and 16 others injured on the Costanera Highway in the region of Tacna in Peru.

The crash occurred on Sunday night at kilometre 31, near a curve known as 'El Chasqui' in the La Yarada-Los Palos district, involving a bus from the Vilca transport company, a private car, and a truck carrying Andean products and sheep, news agency reported quoting the state news agency.

Several bus passengers and the truck driver were trapped in the wreckage after the crash, while the occupants of the private car reportedly fled the scene.

Witnesses said the private car crossed the wrong lane, triggering the accident. Beer cans found inside the car raised suspicions that the driver may have been intoxicated.

The Saudi Ministry of Finance announced the Pre-Budget Statement for Fiscal Year 2025, which estimated a deficit of 2.3 per cent of Gross Domestic Product (GDP).

The statement expected total expenditures to reach 1.28 trillion Saudi riyals ($0.34 trillion) and total revenues to reach 1.18 trillion Saudi riyals.

It noted that the government will continue increasing strategic transformational spending to achieve economic diversification and sustainable growth.

It added that the reported GDP growth rates were supported by the growth of non-oil activities, which contributed to the prosperity of promising sectors such as tourism, entertainment, transportation, logistics, and industry.

Both Hungary and Ukraine are interested in strengthening their neighbourhood relations, Hungarian Minister of Foreign Affairs and Trade Peter Szijjarto said.

Speaking during a joint press conference after a meeting with his recently-appointed Ukrainian counterpart Andrii Sybiha, Szijjarto reiterated Hungary's pro-peace stance on the ongoing conflict in Ukraine, stressing that a diplomatic solution is the only way to end the suffering of millions, news agency reported.

"Hungary supports all initiatives aimed at achieving peace as soon as possible," he said, adding that Hungary continues to offer humanitarian assistance, having welcomed over 1.4 million refugees from Ukraine since the conflict began.

At least four people were killed and six others missing after a boat carrying 14 people capsised in a river in eastern Afghanistan's Nangarhar province, a local official confirmed to news agency.

The accident occurred on Monday afternoon when the boat sank during a river crossing on the outskirts of the province's Kuz Kunar district, said Quraishi Badloon, head of the provincial information department.

Four people were rescued, while six others remained missing. Women and children were among the passengers, Badloon added.

Uzbek President Shavkat Mirziyoyev met with Antonella Bassani, Vice President of the Europe and Central Asia Region at the World Bank, highlighting the priorities for expanding partnership, the President's press service reported.

The report discussed issues regarding the further expansion of strategic cooperation with the World Bank Group and support from the leading international financial institution for the reform program in Uzbekistan, according to news agency.

It was noted during the conversation that the current high level and fruitful nature of bilateral cooperation was met with deep satisfaction.

In recent years, Uzbekistan has become one of the bank's largest partners, with the project portfolio increasing several times and exceeding $12 billion, the report said.

Israeli Defence Minister Yoav Gallant has warned of an impending new phase in Israel's offensive against Hezbollah, amid reports of planned ground operations in Lebanon.

"The next phase of the war against Hezbollah will start soon and bring a significant change in the security situation," Gallant told local authorities on Monday near the Israel-Lebanon border, adding it would allow Israel's northern residents to return home.

Israeli media reported military build-up along the border, with Channel 12 suggesting preparations for a ground attack.

Senior officials have previously hinted at plans to establish a "buffer zone" between Lebanon and Hezbollah, news agency reported.

Earlier, Gallant told Israeli troops that Israel would "use all the means that may be required... from the air, from the sea, and on land".

US State Department Spokesman Matthew Miller told reporters on Monday that Israel had informed the US it was carrying out "limited operations focused on Hezbollah infrastructure near the border".

Germany's Federal Ministry of Defence has said that an Air Force A321 aircraft flew to Beirut to evacuate German citizens from Lebanon amid rising concerns in the region.

The Federal Foreign Office on Monday warned against travel to Lebanon, advising German nationals to leave the country, news agency reported.

The German Foreign Ministry raised its crisis level for missions in Beirut, Ramallah and Tel Aviv again at the weekend, though the embassies there remain operational.

According to a government statement, the German Embassy in Beirut will stay open, but family members of staff and non-essential personnel are being flown out.