[MARKET ANALYSIS] Asia-Pac stocks are mostly lower after Iran attacked a US base in Jordan, while early tech and SK Hynix momentum waned amid lofty expectations

APAC Stocks: Mostly NegativeAsia-Pac stocks are mostly lower, but with mixed, two-way trade seen as bourses initially began on the front foot as an initial tech rebound helped the region shrug off the geopolitical risks following the Iran attack on a US base in Jordan, although the tech-related gains were eventually wiped out.ASX 200: +1.0%Bucked the trend amid outperformance in defensives and as participants reflected on Rio Tinto's earnings and softer-than-expected inflation data, which saw an unwinding of RBA rate hike bets.Nikkei 225: -1.0%Initially rallied amid early tech momentum and reports the government will finalise a food sales tax cut next month, but then slipped into the red as tech stocks reversed course.KOSPI -7.8%Price action was driven by tech fluctuations, with stocks initially buoyed following mixed results from SK Hynix, which beat on Q2 net, but missed on oper. profit and revenue, stoking concerns of lofty expectations, despite oper. profit jumping 557%.Hang Seng & Shanghai Comp: Hang Seng +1.5% / Shanghai Comp -0.6%Chinese markets are mixed, with the Hang Seng driven by Chinese automakers/EV names, while the mainland is subdued amid ongoing trade-related frictions.US Equity Futures: FlatFailed to sustain earlier momentum with price action tentative as the FOMC and mega-cap earnings loom.European Equity Futures -0.3%Indicate a lower cash market open with Euro Stoxx 50 futures down 0.3% after the cash market closed with gains of 0.1% on Tuesday.