In Asia Pacific, futures tipped Japanese equities to climb at the open. Nikkei futures in Chicago were up by 0.53 percent at 20,175 and Osaka futures were higher by 0.31 percent at 20,130. This was compared to the Nikkei 225’s last close of 20,067.75.
Down Under, Australian SPI futures traded lower than the S&P/ASX 200’s last close at 5,751. The benchmark index finished at 5,805.174 on Monday.
On Wall Street, stocks closed higher on the back of big name tech stocks strengthening. The Dow Jones industrial average gained 0.68 percent or 144.71 points to close at 21,528.99, the S&P 500 rose 0.83 percent or 20.31 points to end at 2,453.46 and the Nasdaq surged 1.42 percent or 87.25 points to finish the session at 6,239.01.
In energy news, oil prices tumbled to a seven-month low overnight. Brent crude settled 1 percent lower at $46.91 a barrel and U.S. West Texas Intermediate crude fell 1.2 percent to settle at $44.20 a barrel.
Economic data expected later in the day includes the Reserve Bank of Australia’s minutes due at 9:30 a.m. HK/SIN. The RBA had held cash rates steady earlier this month due to weak growth.
Hong Kong CPI and jobless data for the month of May is due at 4:30 p.m.
— CNBC’s Karen Gilchrist contributed to this report.
