Asian stocks are set to open with a mixed outlook despite President Donald Trump's tariff plan. The US market continues to reach new highs, with the S&P 500 climbing for the seventh consecutive day and marking its 52nd record this year.

Software companies like Microsoft Corp. are leading the gains, while automakers are experiencing declines due to their exposure to markets in Mexico and China. President Joe Biden has announced a cease-fire agreement between Israel and Hezbollah, which could impact market sentiment.

Tokyo futures indicate a potential drop, while markets in Sydney have opened higher. Little change is expected in Hong Kong and the US. Investors are carefully assessing these developments and their implications for global trade and economic stability.