Asian markets slipped Tuesday following the previous day's healthy gains, while the euro struggled against the dollar as Greece plunged back into crisis, rekindling fears of a possible exit from the eurozone.

With investors winding down for the end of the year, Wall Street provided a mixed lead, although the S&P 500 topped out at a new record high.

Oil prices traded near five-year lows in thin year-end trade Tuesday, as analysts predicted further bearishness in the market owing to rising U.S. production despite a global supply glut.

West Texas Intermediate for February delivery fell 49 cents to $53.12 while Brent crude for February lost 55 cents to $57.33 in afternoon trade.

Hungary's gas pipeline network operator FGSZ said on Monday that it will resume gas supplies to neighboring Ukraine, after suspending it indefinitely in September prompting criticism from Ukraine's state-owned gas firm Naftogaz.

"FGSZ Ltd will again secure gas supplies towards Ukraine from January 1, 2015," the company said in a short statement posted on their website on Monday.

Taiwan said Monday it was launching a project to build a fleet of its own submarines, after years spent waiting in vain for U.S. models.

The International Monetary Fund said Monday it was suspending financial aid to Greece under its huge rescue program until a new government is formed after elections slated for late January.

Oil prices rose in Asia Monday as fresh violence in Libya stoked concerns about possible supply disruptions, analysts said.

West Texas Intermediate for February delivery rose 46 cents to $55.19 while Brent crude for February gained 35 cents to $59.80 in late-afternoon trade.

Ukraine's parliament on Monday adopted an austerity budget that hikes import prices and shrinks social spending in order to balance the books under a plan backed by the International Monetary Fund.

The highly-disputed 2015 plan was pushed through by the government-led coalition after a marathon debate that ended after 4:00 am.

Lithuania hopes joining the eurozone on January 1 will boost its security at a time of heightened anxiety over Russia, but many in the Baltic state fear the currency switch will also bring price hikes.

The stroke of midnight will signal the end of a year marked by Russian intervention in Ukraine -- the biggest threat to the Baltic states since they broke free from the crumbling Soviet Union around a quarter of a century ago.

The euro edged up in Asia on Monday as lawmakers in debt-laden Greece embark on a final bid to elect a new president and avoid a snap election that could undermine its international bailout.

In Tokyo, the single currency strengthened to $1.2188 and 146.61 yen, from $1.2179 and 146.59 yen in New York on Friday.

Shares in AirAsia, Southeast Asia's biggest budget airline, lost almost nine percent in Kuala Lumpur Monday after one of its jets disappeared with 162 people on board.

But analysts said the impact on the low-cost sector would be limited owing to its popularity.