Asian markets advanced, led by gains in Japanese equities, even as U.S. stock futures held steady amid lingering economic and geopolitical uncertainties. Short-term U.S. Treasuries rallied and the dollar softened following speculation over a potential new Federal Reserve Chair. Investors remain cautious, weighing the implications of Middle East tensions and looming U.S. tariffs, with the S&P 500 approaching record highs.

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