[MARKET ANALYSIS] Asia-Pac stocks mostly track Wall St peers higher amid semiconductor strength and ahead of some key earnings

APAC Stocks: Mostly PositiveAsia-Pac stocks are mostly in the green following on from the tech-led rebound on Wall St, which was facilitated by several positive sector-specific headlines, and heading into some of the Mag-7 earnings.ASX 200: +0.3%Mildly gained amid strength in the commodity-related sectors, but with the upside capped by weakness in defensives, as well as domestic consumer and tech stocks.Nikkei 225: +1.6%Rallied at the open amid AI-related optimism and with sentiment also helped by the stronger-than-expected exports and imports data from Japan.KOSPI +4.7%Outperforms amid semiconductor strength and triggered a sidecar within minutes after the open.Hang Seng & Shanghai Comp: Hang Seng -0.8% / Shanghai Comp +0.1%Chinese markets ultimately lag behind regional peers with a rotation seen out of hyperscalers.US Equity Futures: RangeboundPaused following the prior day's gains and as the focus turns to earnings from Alphabet and Tesla.European Equity Futures +0.1%Indicate a slightly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with gains of 0.9% on Tuesday.