Australian shares are expected to open higher Tuesday as investors track gains on Wall Street while awaiting clarity on tariffs on electronics.

The minutes of the Reserve Bank of Australia's March 31 to April 1 meeting will be released at 11:30 am Sydney time.

Overnight, the S&P 500 and the Dow Jones Industrial Average advanced 0.8% each, while the Nasdaq Composite rose 0.6%.

In a Truth Social post on Sunday, US President Donald Trump clarified that there was no tariff exemption after reports on potential electronics reprieve had circulated. He emphasized that tariffs on semiconductors are due to move to a different "bucket" and that "nobody is getting off the hook." He is expected to announce more details on those tariffs soon.

In corporate news, Almonty Industries (ASX:AII) admitted its failure to comply with certain listing rules of the ASX in relation to waiver conditions on providing an annual certification of its compliance with the Toronto Stock Exchange, according to a Monday filing with the Australian bourse.

Elsewhere, the Reserve Bank of New Zealand (RBNZ) will launch a depositor compensation scheme on July 1, protecting up to NZ$100,000 per eligible depositor if a licensed bank or financial institution fails, the central bank said on its website.

Australia's benchmark index rose 1.3%, or 102.10 points, to close at 7,748.60 on Monday.