[MARKET ANALYSIS] Asia-Pac stocks mostly follow suit to the gains on Wall St where tech outperformed amid lower oil prices and yields

WTI/Brent: WTI Oct'26 -2.4% / Brent Nov'26 -2.3%. Oil futures extended their declines after falling around 5% yesterday as geopolitical developments appeared more constructive following US Treasury Secretary Bessent's underwhelming sanctions and 'Operation Outcast' announcement, as Iran and Oman held consultations focused on the importance of resuming safe navigation through the Strait of Hormuz. There was a report by Russian press that a ceasefire between the US and Iran has been agreed upon, which includes free navigation in the Strait of Hormuz and will be announced in the coming days, although there was no confirmation on this from any officials and it was not mentioned by any mainstream media outlets. Gold: +0.1% Price action is choppy following the prior day's indecisive performance and with the Fed's preferred inflation gauge scheduled for release later ahead of Fed Chair Warsh's inaugural Jackson Hole keynote address. Copper: +0.2% Ekes mild gains in rangebound trade amid the ultimately positive mood overnight.