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[MARKET ANALYSIS] Asia-Pac stocks trade mixed with a further tech sell-off due to weak earnings

ORIGINAL · Newsquawk[MARKET ANALYSIS] Asia-Pac stocks trade mixed with a further tech sell-off due to weak earningsRead originalHide original

APAC Stocks: Mixed Asia-Pac stocks are mixed amid notable tech weakness and with further selling pressure in the sector after disappointing earnings from Amazon and Intel, while participants digest a slew of data at month-end and await the BoJ policy decision. ASX 200: +0.5% Trades higher with softer yields helping offset the losses in tech, consumer staples and mining stocks. Nikkei 225: -1.8% Index is pressured by tech woes, while participants also digest a slew of mixed data and await the BoJ. KOSPI -5.2% Underperforms and triggered a sidecar after the recent disappointing big tech earnings stateside. Hang Seng & Shanghai Comp: Hang Seng +1.2% / Shanghai Comp -0.7% Chinese markets are mixed amid a deluge of earnings and with Hong Kong outperforming as platform companies pick up the slack from chipmakers, while the mainland is pressured after a record number of purges at the Fifth Plenum. US Equity Futures: Lower Retreated after-hours with Emini Nasdaq 100 leading the declines following weak earnings from Amazon and Intel, which saw their shares drop by more than 8% and 23%, respectively. European Equity Futures -0.6% Indicate a lower cash market open with Euro Stoxx 50 futures down 0.6% after the cash market closed with gains of 0.6% on Thursday.

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The supplied report described mixed Asia-Pacific trading, sharp technology-related declines, lower futures, and markets awaiting the BoJ decision; later reports gave additional earnings and policy context.

News detail

APAC Stocks: Mixed Asia-Pac stocks are mixed amid notable tech weakness and with further selling pressure in the sector after disappointing earnings from Amazon and Intel, while participants digest a slew of data at month-end and await the BoJ policy decision. ASX 200: +0.5% Trades higher with softer yields helping offset the losses in tech, consumer staples and mining stocks. Nikkei 225: -1.8% Index is pressured by tech woes, while participants also digest a slew of mixed data and await the BoJ. KOSPI -5.2% Underperforms and triggered a sidecar after the recent disappointing big tech earnings stateside. Hang Seng & Shanghai Comp: Hang Seng +1.2% / Shanghai Comp -0.7% Chinese markets are mixed amid a deluge of earnings and with Hong Kong outperforming as platform companies pick up the slack from chipmakers, while the mainland is pressured after a record number of purges at the Fifth Plenum. US Equity Futures: Lower Retreated after-hours with Emini Nasdaq 100 leading the declines following weak earnings from Amazon and Intel, which saw their shares drop by more than 8% and 23%, respectively. European Equity Futures -0.6% Indicate a lower cash market open with Euro Stoxx 50 futures down 0.6% after the cash market closed with gains of 0.6% on Thursday.

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