Fed chair's rate cut comments lead to mixed expectations in Asia-Pacific markets.

• On Tuesday, Asia-Pacific markets will open with mixed reactions after receiving numerous political and economic updates from the U.S.
• The Third Plenum of China's government will focus on reducing local debt and promoting advanced manufacturing, which traders will closely monitor.

On Tuesday, Asia-Pacific markets will open with mixed sentiment as traders anticipate their response to Jerome Powell's statement that the Federal Reserve will not delay cutting interest rates until inflation reaches 2%.

Powell stated that the central bank is seeking "more certainty" that inflation will decrease to the 2% target, due to "prolonged and unpredictable delays" in the impact of policy decisions.

The Dow Jones Industrial Average closed at fresh highs due to the combination of his comments and investors' bets that the failed assassination attempt on Republican presidential candidate Donald Trump would result in big gains for the party and friendlier fiscal policies.

The Dow, S&P 500, and Nasdaq Composite all reached new intraday highs, with the Dow advancing 0.53%, the S&P 500 adding 0.28%, and the Nasdaq Composite gaining 0.4%.

The S&P/ASX 200 futures in Australia were at 7,998, a slight decline from its all-time high of 8,017.6.

Japan will resume trading after a public holiday, with futures indicating a stronger open. The futures contract in Chicago is at 41,260 and its counterpart in Osaka is at 41,180, compared to the previous close of 41,190.68.

The HSI's last close of 18,015.94 was higher than Hong Kong's futures at 17,880.

The Third Plenum of China's government will focus on addressing high local debt levels and promoting advanced manufacturing, as investors remain interested in these developments.

—CNBC's Alex Harring and Yun Li contributed to this report.