TOKYO (Reuters) – Asian shares born down Tuesday, putting world equities on course to extend their bull run for a 12th consecutive session as optimism about the international financial recovery and expectations of low interest rates drive investments into riskier assets.FILE PHOTO: Photographers take photos near a large screen showing stock costs at the Tokyo Stock Exchange (TSE) after market opens in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-HoonOil prices skyrocketed to a 13-month high as a deep freeze due to a severe snow storm in the United States not only increased power need however also threatened oil production in Texas.MSCIs broadest index of Asia-Pacific shares outside Japan ticked up 0.45% while Japans Nikkei rose 0.4% to a 30-year high.In Hong Kong, the Hang Seng Index surged 1.79% to strike a 32-month high in its very first trading session considering that Thursday following the Lunar New Year holidays.Mainland Chinese markets will remain closed for the holidays until Thursday while Wall Street was also shut on Monday.Ord Minnett advisor John Milroy said while share markets were favorable financiers were becoming careful of the future threat of inflation due to main bank and federal government stimulus programmes in location around the world.” There is a clear sense with rates remaining low for some time yet and investor appetite for equities remaining strong we will likely see markets hold up for some time yet,” Milroy informed Reuters.” Gaining traction is the idea that inflation could increase much quicker and quicker than the Fed is currently thinking. If they do raise rates to fight it what happens to equity markets and of course bond markets.” The bullish view on the economy lifted bond yields, with the 10-year U.S. Treasuries getting 5 basis indicate 1.245% in early Asian trade, its highest since late March.Investors are seeking to the minutes from the U.S. Federal Reserves January meeting, due to be published on Wednesday, for confirmation of its commitment to maintain its dovish policy stance over the future. That in turn is set to keep a tab on bond yields.But some experts state investors need to keep a careful eye on bond yields.” If U.S. bond yields keep rising, that could start to agitate stocks,” stated Masahiro Ichikawa, chief strategist at Sumitomo Mitsui DS Asset Management.S&& P500 futures traded 0.65% greater to a record level and MSCIs all nation world index (ACWI), which has increased every single day up until now this month, ticked up slightly.Successful rollouts of COVID-19 vaccines in lots of countries are raising hopes of additional healing in financial activities hindered by variety of anti-virus curbs.U.S. President Joe Biden is pressing ahead with his strategy to pump an extra $1.9 trillion in stimulus into the economy, in an additional boost to market sentiment.Oil costs soared to their greatest in about 13 months as a U.S. winter season storm intensified to their rally on hopes of more demand recovery.U.S. crude futures traded up 1.1% at $60.11 per barrel.Prices have rallied over current weeks on tightening supplies, mainly due to production cuts from the Organization of the Petroleum Exporting Countries (OPEC) and allied producers in the wider OPEC+ group of producers.Rising oil costs supported commodity-linked currencies such as the Canadian dollar while safe-haven currencies including the U.S. dollar took a back seat.The British pound held company at $1.3910, remaining at its greatest levels considering that April 2018. The overseas Chinese yuan hit a 2-1/2- year high of 6.4010 per dollar over night and last stood at 6.4030. MSCIs emerging market currency index hit a record high as well.The yen damaged to 105.36 per dollar, edging closer to its four-month low of 105.765 set on Feb. 5. while the euro was up 0.1% at $1.2142. In Asia, Bitcoin was trading at $48,088.28, off its record high of $49,715 struck on Sunday.Additional reporting by Tomo Uetake in Sydney; Editing by Shri Navaratnam