[MARKET ANALYSIS] Asia-Pac stocks trade mixed after the subdued lead from US, owing to tech weakness and with focus on Economic D-Day sanctions on Iran and the US-Canada trade war

APAC Stocks: Mixed Asia-Pac stocks trade mixed following the subdued lead from Wall St, where most major indices declined amid tech weakness and headwinds from Economic D-Day sanctions on Iran and the US-Canada trade war. ASX 200: +0.6% Trades higher amid strength in the domestic tech, healthcare and financial sectors, while participants also digest a plethora of earnings releases and somewhat balanced RBA Minutes from the August meeting. Nikkei 225: -0.1% Saw two-way price action and gradually clawed back initial losses to move into the green, with recent reports noting that Japan is considering exempting gains from non-core business sales from corporate tax if companies reinvest the proceeds in acquisitions. KOSPI -1.7% Underperforms amid recent tech headwinds and with SK Hynix shares also pressured after union members narrowly rejected the tentative wage agreement through a 50.1% vote against. Hang Seng & Shanghai Comp: Hang Seng -0.3% / Shanghai Comp -0.4% Chinese markets are contained amid earnings releases and cautiousness as US sanctions on Iran, and warnings against countries with economic ties to Iran, increase risks of stoking US-China frictions, while it was also reported that the US is mulling 7.5% overcapacity tariffs on China. US Equity Futures: Mildly positive US index futures are off the prior day's lows but with price action contained in tight parameters. European Equity Futures +0.1% Indicate a marginally positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 0.2% on Monday.