[MARKET ANALYSIS] Asia-Pac stocks follow suit to the mixed performance stateside after US yields continued to climb, but with tech stocks boosted following strong Micron earnings

APAC Stocks: Mixed Asia-Pac stocks are mixed as the region takes its cue from the similar performance stateside, where participants digested a slew of data, and yields continued to climb despite softer PCE data, while markets in Mainland China and Hong Kong are shut for the National Day holiday. ASX 200: -1.7% Underperforms with all sectors in the red and the downside led by weakness in energy, real estate and defensives, while a return to growth in Australian Exports and Imports did little to inspire. Nikkei 225: +2.5% Rallied with chip-related stocks boosted following strong earnings from Micron, while participants also reflected on the BoJ Tankan survey, which showed sentiment among Large Manufacturers improved but missed forecasts, and coupled with the recent weak activity data, supports the argument for BoJ patience. KOSPI +0.9% Shrugged off the initial weakness and climbed into the green as tech-related momentum began to pick up, while US President Trump recently unveiled plans for South Korea to invest USD 200bln in energy projects in the US as part of South Korea's investment pledge that got auto tariffs reduced from 25% to 15%. US Equity Futures: Positive Rebounded overnight with Nasdaq futures extending on recent outperformance post-Micron earnings. European Equity Futures -0.6% Indicate a lower cash market open with Euro Stoxx 50 futures down 0.6% after the cash market closed with losses of 0.8% on Wednesday.