Japan's Nikkei 225 futures pointed to a higher open for the market. The futures contract in Chicago is currently at 38,985 and its counterpart in Osaka last traded at 38,960 compared to the index's previous close of 38,831.48.

Asia-Pacific markets traded in red on Monday amid fears of a global trade war following U.S. tariff measures, triggering a selloff in risk assets. President Donald Trump imposed a 25% tariff on Canadian and Mexican imports and a 10% tariff on Chinese goods,

Markets across Asia staged a relief rally after U.S. President Trump agreed to postpone the start of tariffs on Mexico and Canada by a month, suggesting that a reversal is possible.