[MARKET ANALYSIS] Asia-Pac stocks are mostly negative amid a tech sell-off on Chinese semiconductor competition concerns

APAC Stocks: NegativeAsia-Pac stocks are negative amid a tech bloodbath and competition concerns following reports that China had started mass production of domestically developed DUV lithography equipment, which had also pressured ASML shares and the Nasdaq yesterday.ASX 200: -0.2%Trades lower amid weakness in miners, materials and resources but with downside limited amid resilience in the consumer sectors.Nikkei 225: -4.0%Tested the 62,000 level to the downside amid the tech-related losses, with Kioxia shares dropping by 18%.KOSPI -10.5%Triggered a circuit breaker with double-digit declines seen in the likes of Samsung Electronics and SK Hynix.Hang Seng & Shanghai Comp: Hang Seng -0.1% / Shanghai Comp -1.1%Chinese markets are lower but with downside limited in Hong Kong amid the mixed performance among the local tech bluechips, while the mainland is subdued as trade frictions linger with the US reportedly probing Chinese factories in Vietnam.US Equity Futures: Marginally lowerRemained subdued but with losses only marginal compared to the sell-off seen in Asia.European Equity Futures -0.1%Indicate a slightly lower cash market open, with Euro Stoxx 50 futures down 0.1% after the cash market closed flat on Monday.