[MARKET ANALYSIS] Asia-Pac stocks take impetus from the tech rally and record highs on Wall St

APAC Stocks: PositiveAsia-Pac stocks are mostly higher as the region takes its cue from the rally on Wall St, where the S&P 500 and Dow printed fresh record highs, although the Nasdaq was the outperformer on tech strength, while yields and oil prices declined amid hopes of a Hormuz deal.ASX 200: +0.5%Trades in the green with the upside led by outperformance in miners, materials and tech, although further gains are capped as energy, utilities and the top-weighted financial sector lagged.Nikkei 225: +3.0%Rallied and briefly returned to above the 66,000 level amid the tech rally, with SoftBank shares among the biggest gainers, and are up by a double-digit percentage owing to its heavy AI exposure.KOSPI +4.0%Rallied amid the tech momentum and with earnings results also providing some tailwinds.Hang Seng & Shanghai Comp: Hang Seng +0.1% / Shanghai Comp 1.2%Chinese markets are somewhat mixed, with the Hong Kong benchmark flat amid weakness in the energy sector, while the mainland conforms to the upbeat mood despite disappointing Chinese RatingDog Services PMI data, although Chinese optical stocks are pressured following a report the US is mulling an import ban.US Equity Futures: PositiveHeld on to gains from the prior day's rally but with Nasdaq 100 futures contained overnight after AMD and SpaceX shares declined after-hours following the earnings results.European Equity Futures +0.5%Indicate a positive cash market open with Euro Stoxx 50 futures up 0.5% after the cash market closed with gains of 0.9% on Tuesday.