Asia-Pacific markets are set to rise, mirroring moves on Wall Street as U.S. Treasury yields fell and oil prices slightly eased.

The benchmark 10-year U.S. Treasury yield fell nearly 13 basis points to about 4.65%, as investors sought safe assets amid the Hamas-Israel conflict. Yields and prices move in opposite directions.

The move reflected the first reaction to the conflict in the U.S. bond market, which was closed Monday for Columbus Day.

In Australia, the S&P/ASX 200 climbed 0.47% in early trade, extending four straight days of gains.

Japan’s Nikkei 225 is also set to rise as investors assess the Reuters Tankan survey, which saw business morale at large Japanese firms stay largely unchanged, with the futures contract in Chicago at 31,875 and its counterpart in Osaka at 31,780 against the index’s last close of 31,746.53.

Futures for Hong Kong’s Hang Seng index stood at 17,981, pointing to a stronger open compared with the HSI’s close of 17,664.73 and on pace for a fifth straight session of gains.

Overnight in the U.S., all three major indexes climbed as investors awaited key inflation data out of the world’s largest economy, with the producer price index and consumer price index readings for September out Wednesday and Thursday,. respectively.

The Dow Jones Industrial Average gained 0.40%, while the S&P 500 rose 0.52%. The tech-heavy Nasdaq Composite added 0.58%.

— CNBC’s Pia Singh and Hakyung Kim contributed to this report.