Asia markets poised for mixed open; Japan stocks set to eke out gains

This is CNBC's live blog covering Asia-Pacific markets.

Asia-Pacific markets were set for a mixed session Tuesday. Japan's Nikkei 225 index is poised for gains after closing at a record high in the previous session.

Trading sentiment was subdued following a pause in Wall Street's rally on Monday as its main indexes retreat from record highs.

Major economic data this week include China's manufacturing purchasing managers' index and the U.S. personal consumption expenditures price index data, which is the Federal Reserve's preferred inflation metric.

Futures for Hong Kong's Hang Seng index stood at 16,660, pointing to a slightly higher open compared with the HSI's close of 16,634.74.

Japan's Nikkei 225 is set to gain, with the futures contract in Chicago at 39,335 and its counterpart in Osaka at 39,350 against the index's last close of 39,233.71.

The Nikkei ended Monday comfortably above its previous closing record of 39,098.68. The index breached its 1989 all-time high of 38,915.87 on Thursday. 

In Australia, the S&P/ASX 200 edged 0.2% lower.

The S&P 500 retreated from record highs notched last Friday as investors awaited key inflation data.

The benchmark index fell 0.38%, while the Nasdaq Composite declined 0.13%. The Dow Jones Industrial Average slipped 62.30 points, or 0.16%.

— CNBC's Hakyung Kim and Tanaya Macheel contributed to this report.

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