Asian markets prepare for a rebound following their steepest decline since March, with regional futures tracking Wall Street gains. The easing tensions between Iran and Israel offered relief to oil markets, while artificial intelligence enthusiasm continued to drive investor sentiment across the Asia-Pacific region after recent volatility.

Tokyo futures signaled a jump of more than 2% after the Nikkei 225 plunged nearly 4% on Monday. Contracts indicated modest gains in Sydney but a subdued open in Hong Kong. US markets showed mixed signals as S&P 500 futures edged lower despite Monday's rally, reflecting ongoing uncertainty about global economic conditions and monetary policy directions.

Technology stocks led the rebound, with chipmakers like Nvidia Corp. and Micron Technology Inc. driving gains in the US benchmark. The semiconductor sector's performance highlights the market's focus on AI-driven growth prospects, with Asian investors watching whether this momentum translates to sustained regional performance.