[MARKET ANALYSIS] Asia-Pac stocks are higher across the board after shrugging off initial tech-related jitters
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APAC Stocks: PositiveAsia-Pac stocks are in the green as sentiment gradually improved from the initial tech-related jitters that rolled over from the US, where the major indices were mixed as weaker-than-expected jobs data eased rate hike concerns and helped the DJIA notch a fresh all-time high, but the Nasdaq lagged on tech selling.ASX 200: +1.3%Climbed higher with the mining, materials, healthcare and resources sectors front-running the advances, and atoning for the weakness in utilities, energy, tech and telecoms.Nikkei 225: +0.7%Dipped at the open alongside tech pressure, but then pared the almost 1000-point drop to return to above the 69,000 level.KOSPI +1.3%Shrugged off the initial weakness with the fluctuation in the index, largely a reflection of the tech sector and swings in the SK Hynix shares.Hang Seng & Shanghai Comp: Hang Seng +1.6% / Shanghai Comp +0.6%Chinese markets conform to the upbeat mood amid the rising tide across Asia-Pac stocks and as participants also digest better-than-expected Chinese RatingDog Services PMI data.US Equity Futures: PositiveGained overnight with Nasdaq futures bouncing back from yesterday's underperformance.European Equity Futures +0.3%Indicate a positive cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed with gains of 1.2% on Thursday.
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