Asian markets settled mostly higher on Tuesday tracking Wall Street’s gains overnight and as major regional markets resumed trading after the long Easter and Qingming Festival break. Investors remain focused on a looming deadline from US President Donald Trump for Iran to reopen the Strait of Hormuz. Japanese Prime Minister Sanae Takaichi said that she is arranging urgent talks with Iranian President Masoud Pezeshkian and a separate call with US President Donald Trump to de-escalate the Middle East conflict. Chinese shares gained as investors looked ahead to key inflation data, scheduled for release later this week, with consumer price growth expected to ease slightly, while producer prices are forecast to record their first annual increase since 2022. Investors were also awaiting the latest Federal Open Market Committee minutes for further guidance on the central bank’s policy outlook. Meanwhile, Hong Kong market was closed on public holiday.