Asian stocks extended their record climb on Tuesday, taking the baton from Wall Street where gains for oil companies and financials helped the Dow Jones Industrial Average hit an all-time peak.

In Hong Kong, the benchmark Hang Seng Index rose 155 points, or 0.59 percent, to open at 26,502.

Across the border, the benchmark Shanghai Composite Index inched up 2.6 points, or 0.06 percent, to 4,026 while the Shenzhen Component Index was 1.67 points, or 0.01 percent, up at 13,830 and the ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, was down 0.45 percent at 3,279.

The Star Composite Index, which reflects the performance of stocks on China's sci-tech innovation board, was 0.14 percent lower at 1,693 while the Star 50 Index, which tracks the 50 largest stocks listed on the board that also meet certain liquidity requirements, was 0.12 percent lower at 1,401.

US big oil got a boost from the country's military raid at the weekend that captured Venezuelan President Nicolas Maduro.

Crude oil eased back after rising US$1 a barrel overnight as traders assessed the possible impact on crude flows from Venezuela, home to the world's largest oil reserves.

Overall, however, the events had a limited effect on risk sentiment, with equities driven more by momentum and currencies focused on macroeconomic data.

The US dollar was steady ahead of monthly jobs figures on Friday. It surged to a four-week top ‍in the prior session only to give back all of its gains by the close, after a gauge ⁠of manufacturing activity slumped to a 14-month low.

Precious metals hovered not far from all-time highs, while copper set a record.

MSCI's broadest index of Asia-Pacific ‍shares climbed 0.4 percent to its highest-ever level, driven primarily by advances for Japanese stocks, with the Topix index jumping 1.3 percent to a record peak.

US S&P 500 futures tacked on 0.1 percent following a 0.6 percent rise in the cash index overnight. Chevron leapt more than 5 percent.

US President ‌Donald Trump said he would put Venezuela under temporary American control and that he could order another strike if the South American nation does not co-operate with US efforts to open up ‍its oil industry and stop drug trafficking. He also threatened military action ‌in Colombia and Mexico.

Trump plans to meet with executives ‌from US ‌oil companies later this week to discuss boosting Venezuelan oil production, a person familiar with the matter has been cited as saying.

Venezuela's "relatively small economy... seems to have convinced investors that the global economy and financial markets are unlikely to be directly affected," while ramping up the country's oil production "will require years to come to fruition," Yusuke Matsuo, senior ⁠market economist at Mizuho Securities, wrote in a client note.

"That said, geopolitical concerns seem likely to persist in 2026, and while risk assets remain solid performers, we think gold – considered a safe-haven asset – will also do well."

The closely watched ‌US monthly employment report, due on Friday, will be key ⁠in shaping expectations for the outlook for monetary policy.

Traders currently expect two US Federal Reserve interest rate cuts this year, calculations based on futures from from leading data provider LSEG showed. (Reuters/Xinhua)