[MARKET ANALYSIS] Asia-Pac stocks trade mixed as tech stocks attempt to rebound from recent AI-related selling, while the region also digests mixed Chinese activity data

APAC Stocks: Asia-Pac stocks trade mixed as sentiment gradually improved following the recent tech-related selling that was triggered by calls from key industry CEOs for a slowdown in AI development, which President Trump pushed back against, while participants digest mixed Chinese activity data and await the major central bank meetings. ASX 200: -0.9% Underperforms amid weakness in the mining, materials, resources and financial sectors, while risk sentiment is also not helped by the rising yield environment. Nikkei 225: +0.9% Reversed its initial declines and reclaimed the 64,000 level amid a tech rebound with SoftBank leading the recovery, while Kioxia also benefited from reports that Kioxia is weighing a US listing next year. KOSPI +0.2% Gradually clawed back opening losses but with upside limited amid the choppy gains in the local tech giants. Hang Seng & Shanghai Comp: Hang Seng -0.3% / Shanghai Comp Flat Chinese markets lack firm direction, with several data releases including the continued contraction in House Prices and mixed activity data in which Industrial Production topped forecasts but Retail Sales disappointed, while Fixed Assets Investment weakened and the Urban Unemployment ticked higher. US Equity Futures: Marginally lower US index futures remain subdued following the tech-led declines on Wall St and upside in yields. European Equity Futures +0.3% Indicate a positive cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed with losses of 1.0% on Monday.