[MARKET ANALYSIS] Asia-Pac stocks are mostly in the green amid tech uplift and after inline US CPI data unwound September Fed rate hike bets

APAC Stocks: Mostly higher Asia-Pac are predominantly in the green as the region takes its cue from the mild positive handover from Wall St, where equities were underpinned by earnings, and September rate hike bets were unwound after in-line CPI data. ASX 200: -0.5% Bucked the overnight trend as participants digested earnings releases, with RBA Assistant Governor Kent sticking to the hawkish-leaning script in which he noted the possibility of rates increasing further if risks materialise, but acknowledged evidence suggests that monetary policy in Australia is somewhat restrictive, and that the tightening earlier this year is working. Nikkei 225: +1.8% Rallied amid the tech-related momentum and following softer-than-expected PPI data for Japan. KOSPI +4.0% Outperforms with the revival in semiconductor strength lifting the index into a technical bull market. Hang Seng & Shanghai Comp: Hang Seng -0.1% / Shanghai Comp +0.4% Chinese markets are mixed, with sentiment dampened in Hong Kong as participants reflect on earnings, including mixed results from Tencent, while gains in the mainland are contained after the PBoC reiterated the pledge to boost the counter-cyclical adjustment, expand domestic demand, deepen financial reform and high-level opening, and continue to implement moderately loose monetary policy. However, the central bank continued to refrain from 7-day reverse repo operations for the third consecutive day. US Equity Futures: Rangebound Price action is rangebound overnight as participants await the next market catalysts. European Equity Futures +0.4% Indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market closed with losses of 0.3% on Wednesday.