[MARKET ANALYSIS] Asia-Pac stocks trade mixed, with a slightly positive bias after Iran and Israel halted strikes, while Chinese trade data topped forecasts
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APAC Stocks: MixedAsia-Pac stocks trade mixed, albeit with a mostly positive bias as indices rebound from yesterday's losses, with sentiment helped by Israel and Iran halting their strikes, while participants also reflect on the better-than-expected Chinese trade data.ASX 200: -0.3%Declined as the prior day's losses caught up with the index on return from a long weekend.Nikkei 225: +1.3%Fluctuated and briefly wiped out all its opening gains before returning to near session highs.Hang Seng & Shanghai Comp: Hang Seng -0.2% / Shanghai Comp +0.4%Chinese markets are mixed with the mainland kept afloat following the stronger-than-expected Chinese trade data, although gains are capped after the US Pentagon posted a list of Chinese military companies, in which it named Alibaba, Baidu, BYD, Tencent, NIO and Cosco among others.US Equity Futures: Marginally positiveEkes mild gains following the halt in recent strikes between Iran and Israel.European Equity Futures -0.4%Indicate a lower cash market open with Euro Stoxx 50 futures down 0.4% after the cash market closed flat on Monday.
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