Asian stocks continued their upward trajectory Tuesday, maintaining levels near record highs despite persistent geopolitical uncertainties. The MSCI Asia Pacific Index saw a 0.1% increase, marking its fourth consecutive day of gains.

Japan's Topix Index led the regional advance with a notable 1.1% jump. In contrast, South Korean and Australian shares experienced slight declines. Futures indicated a positive opening for Chinese equities, buoyed by a strong performance on Wall Street where megacap stocks, including Amazon.com Inc. and Tesla Inc., posted significant gains.

The modest gains across Asian markets suggest a resilient investor sentiment, seemingly unfazed by ongoing global tensions. The rally mirrors a broader trend of risk appetite, fueled by expectations of continued economic recovery and robust corporate earnings.

The performance of megacaps like Amazon and Tesla, which are heavily weighted in major indices, often sets the tone for global market sentiment. Their gains reflect investor confidence in growth-oriented sectors and technology-driven innovation.

Looking ahead, market participants will be closely monitoring upcoming economic data releases and geopolitical developments for potential catalysts that could either sustain or disrupt the current rally. The ability of Asian markets to maintain their upward momentum will depend on a confluence of factors, including continued earnings growth, stable macroeconomic conditions, and a resolution of geopolitical risks.