Asian stocks surged at the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise.

Japan's Nikkei was 1.6% higher and is set for a record rise of more than 38% for the quarter. South Korea's chipmaker-driven KOSPI rose 3%, though it was set for an eye-popping second-quarter rise of nearly 71% having more than doubled year-to-date.

The oil market's worries about war have receded into memory with benchmark Brent crude futures at pre-war prices of $72.49 a barrel, even though the interim ceasefire is strained.