[MARKET ANALYSIS] Asia-Pac stocks trade mixed following the continued tech rout stateside where the Nasdaq 100 slipped into a correction and with markets cautious ahead of the US midterm election

APAC Stocks: Mixed Asia-Pac stocks trade mixed following the continued tech rout stateside, where most major indices were negative, and the Nasdaq 100 dipped into a correction, although the majority of US sectors finished in the green and oil prices slumped 8% due to hopes for diplomacy, while demand is contained overnight amid the holiday closure in Japan and cautiousness heading into the US midterm elections. ASX 200: Flat Faded opening gains and returned to flat territory as participants brace for a widely expected RBA rate hike. KOSPI: -3.2% Underperforms following the tech rout stateside and despite the softer-than-expected CPI data, which printed 2.8% vs Exp. 2.9%, but remained above the central bank's medium-term target. Hang Seng & Shanghai Comp: Hang Seng +0.2% / Shanghai Comp -0.9% Chinese markets are mixed, with the mainland pressured despite authorities launching a renewed effort to stabilise the stock market, including measures to boost liquidity, cut rates for share buy-back loans and ease curbs on leveraged trading. US Equity Futures: Mixed Price action is mixed ahead of the US midterm elections and with Apple ultimately declining post-earnings despite beating on top and bottom lines, as the iPhone maker's revenue from China and margin forecasts disappointed. European Equity Futures -0.7% Indicate a lower cash market open with Euro Stoxx 50 futures down 0.7% after the cash market closed with gains of 0.7% on Monday.