[MARKET ANALYSIS] Asia-Pac stocks trade mixed amid trade uncertainty, while Hong Kong outperforms on tech strength and as proxy to China which is seen as one of the likely biggest winners from the SCOTUS ruling against Trump tariffs

APAC Stocks: MixedAsia-Pac stocks are mixed amid ongoing trade uncertainty as the region digests the latest tariff developments after the US Supreme Court ruled against IEEPA tariffs on Friday which prompted President Trump to respond by imposing global flat-rate tariffs of 10% which he then raised to 15% during the weekend, while there a couple of key market closures in the region with mainland China and Japan observing holidays.ASX 200: -0.6%Index is dragged lower with underperformance seen in tech, healthcare and real estate, while participants also reflect on a deluge of earnings releases and the recent Trump 15% global tariff rate announcement, which would increase the levies on Australia from the previously agreed 10%.KOSPI: +0.9%Benefitted from tech strength amid gains seen in the likes of industry heavyweights Samsung Electronics and SK Hynix, South Korea's Industry Minister noting that chips are not subject to Trump's new tariffs.Hang Seng: +2.1%Railled with tech stocks dominating the list of best performers in Hong Kong and with the local benchmark benefitting as a proxy to China, which is seen among the likely biggest winners from the US Supreme Court ruling on Trump's tariffs.US Equity Futures: LowerRetreated amid trade-related uncertainty owing to the SCOTUS ruling, which is a major blow for the Trump agenda and also clouds the Fed's rate path.European Equity Futures -0.5%Indicates a lower cash market open with Euro Stoxx 50 futures down 0.5% after the cash market closed with gains of 1.2% on Friday.