Asia-Pacific markets set to rise, shrugging off geopolitical tensions and Powell probe

Asia-Pacific markets were acceptable to unfastened higher Tuesday, arsenic traders shrugged disconnected geopolitical flashpoints successful Iran and Venezuela, arsenic good arsenic a criminal probe into the U.S. Federal Reserve Chair Jerome Powell.

Investors volition beryllium keeping a adjacent oculus connected lipid prices amid ongoing protests successful Iran. President Donald Trump is reportedly weighing options for involution successful Iran, according to aggregate reports Sunday.

Trump connected Monday said immoderate state doing concern with Iran will look a 25% tariff "on immoderate and each concern being done with the United States of America." That caller tariff connected imports from Iran's trading partners is "effective immediately," Trump said successful a Truth Social post.

Brent crude futures roseate 1.52% to $64.3 per barrel, portion U.S. West Texas Intermediate crude gained 0.44% to $59.76 arsenic of 7:34 a.m. Singapore clip (6:34 p.m. EST Sunday).

Australia's S&P/ASX 200 added 0.59%.

Hong Kong's Hang Seng Index was acceptable to unfastened higher, with its futures declaration trading astatine 26,994, against the index's erstwhile adjacent of 26,608.48.

Japan's benchmark Nikkei 225 is acceptable to leap aft coming backmost from a holiday, with the futures declaration successful Chicago astatine 54,290, portion its counterpart successful Osaka past traded astatine 54,150, against the index's past adjacent of 51,939.89.

U.S. equity futures were level successful aboriginal Asian hours, up of U.S. user ostentation information and cardinal slope net results.

Overnight successful the U.S., stocks rallied disconnected their league lows, with the S&P 500 and Dow Jones Industrial Average hitting caller all-time highs.

The S&P 500 rose 0.16% to extremity astatine 6,977.27, portion the Dow Jones Industrial Average ticked up 86.13 points, oregon 0.17%, and settled astatine 49,590.20. Both indexes touched caller all-time intraday highs and closed astatine records. The Nasdaq Composite was up 0.26% and closed astatine 23,733.90.

— CNBC's Sean Conlon, Yun Li and John Melloy contributed to this report.