[MARKET ANALYSIS] Asia-Pac stocks sink amid tech bloodbath

APAC Stocks: Negative Asia-Pac stocks are lower across the board as the sell-off rolls over into the region following the losses stateside owing to the tech rout and hot CPI data. ASX 200: -0.2% Trades lower but with the downside limited as underperformance in tech and miners is partially offset by resilience in financials, telecoms and defensive sectors, while disappointing jobs data further lessens the likelihood of the central bank hiking rates again next month. Nikkei 225: -4.8% Slumped by more than 3000 points, with around double-digit losses seen across several tech stocks. KOSPI -8.0% Was the worst performer owing to its large tech exposure and the ongoing bloodbath in the sector. Hang Seng & Shanghai Comp: Hang Seng -1.2% / Shanghai Comp -1.8% Conforms to the broad-based tech-driven weakness, with recent stronger-than-expected lending data doing little to spur risk sentiment. US Equity Futures: Lower Extended on the prior day's selling with Emini Nasdaq 100 extending beneath the 30,000 level. European Equity Futures -1.1% Indicate a negative cash market open with Euro Stoxx 50 futures down 1.1% after the cash market closed with gains of 0.4% on Wednesday.