Despite the Dow reaching a new record high, Asia-Pacific markets are expected to open lower, with a focus on China's industrial profits.

• Traders in Asia will also monitor China's year-to-date industrial profits for July.
• After Israel and Hezbollah engaged in strikes over the weekend, oil prices increased, with U.S. West Texas Intermediate crude rising 3.5% to $77.42 per barrel and Brent crude climbing 3.05% to $81.43 a barrel, reaching its highest point in approximately two weeks.

Despite the Dow Jones Industrial Average on Wall Street hitting new highs, Asia-Pacific markets are expected to open with mixed sentiment on Tuesday.

The blue-chip index gained 0.16% to close at 41,240.52, with a point increase of 65.44.

Traders in Asia will also monitor China's year-to-date industrial profits as of July.

On Monday, oil prices increased after Israel and Hezbollah engaged in attacks over the weekend, with U.S. West Texas Intermediate crude rising 3.5% to finish at $77.42 per barrel and Brent crude climbing 3.05% to reach its highest point in nearly two weeks.

The futures market in Japan is predicted to have a weaker opening, with the Chicago futures contract at 37,945 and the Osaka futures contract at 37,930, compared to the previous close of 38,110.22.

On Monday, Australia's S&P/ASX 200 index was close to reaching its all-time high of 8,114.7, with a futures standing at 8,041, slightly below its last close of 8,084.5.

The HSI's last close of 17,798.73 was higher than Hong Kong futures at 17,694.

Although the Dow increased in the U.S., the S&P 500 and Nasdaq Composite both declined, with losses of 0.32% and 0.85% respectively.

—CNBC's Lisa Kailai Han and Sarah Min contributed to this report.