Bolstered by Wall Street's incremental ascent towards unprecedented echelons, Asian equities commenced Tuesday's session on an optimistic trajectory, predicated, in part, upon a perceptible détente in Sino-American trade friction, evinced by Washington's deferral of tariff impositions on select Chinese commodities until the cessation of August; notwithstanding Beijing's remonstrations against putative deleterious actions impinging upon Chinese commercial interests, bullish sentiment pervaded key indices across Hong Kong, Shanghai, Tokyo, Australia, and Taiwan; concurrently, WTI crude burgeoned to $63.14 per barrel, precipitated by exogenous geopolitical volatility stemming from Ukrainian incursions into Russian energy infrastructure, further exacerbating pre-existing anxieties surrounding global hydrocarbon supply chains, while US steel equities luxuriated in the afterglow of President Trump's pronouncement of a tariff augmentation to 50%, albeit to the detriment of automotive manufacturers and other steel-intensive sectors; juxtaposed against this backdrop, Treasury yields ascended, reflective of burgeoning apprehensions regarding the inexorable accumulation of US sovereign debt.