Market Analysis

[MARKET ANALYSIS] Asia-Pac stocks are mostly higher following the halt of US-Iran strikes, but with some price action choppy ahead of central bank updates and key tech earnings

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APAC stocks rose as US-Iran strikes paused, though gains were capped by upcoming BoJ and Fed meetings. CXMT's stellar debut and impending US Big Tech earnings remain key focal points.

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APAC Stocks: PositiveAsia-Pac stocks are mostly positive, with risk sentiment underpinned as oil prices and yields declined following a halt in US-Iran strikes over the weekend, although some of the gains are capped, with price action somewhat choppy during the session as participants also await several major central bank meetings and key earnings later in the week.ASX 200: +1.2%Index is led higher by strength in tech, materials and miners, while energy and defensives lag.Nikkei 225: +0.2%Swung between gains and losses with price action choppy amid recent currency moves, intervention risks, lower yields, and softer-than-expected Services PPI data, while participants also await the BoJ later in the week.KOSPI -0.4%Saw two-way price action and ultimately declined despite reports of NVIDIA deals with South Korean firms including SK Group and Naver, with the sector cautious ahead of key tech earnings.Hang Seng & Shanghai Comp: Hang Seng +0.8% / Shanghai Comp +0.3%Chinese markets are positive, with Hong Kong led higher by tech stocks and with energy at the other end of the spectrum following the drop in oil prices, while the attention in the mainland is on CXMT, which soared around 470% on its debut in Shanghai's STAR Market, making it mainland China's most valuable company by market cap.US Equity Futures: PositiveGapped higher following the pause of US strikes on Iran since Friday night.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 1.1% on Friday.

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