[MARKET ANALYSIS] Asia-Pac stocks are mostly higher after tech did the heavy lifting stateside, but with gains capped as participants look to Jackson Hole

APAC Stocks: Mostly Positive Asia-Pac stock indices are mostly positive but with gains capped following the varied performance stateside, where all major indices finished higher and the Nasdaq outperformed post-NVIDIA earnings, but almost all sectors were in the red aside from tech, while attention turns to the Jackson Hole Symposium and Fed Chair Warsh's keynote speech. ASX 200: +0.3% Index is higher with notable outperformance in tech, but with gains capped as consumer stocks and real estate lag amid the recent increased bets for the RBA to resume its hiking cycle next month. Nikkei 225: +0.8% Outperforms as participants digest the latest data releases, including a surprise decline in the Unemployment Rate, while Tokyo CPI data matched estimates, with the Core reading remaining beneath the BoJ's 2% price target. KOSPI -1.0% Bucked the trend amid weakness in South Korean tech giants despite the sector doing much of the heavy lifting across global markets, while there was a recent report that SK Hynix is lagging rivals in NAND process-node transitions, with slower upgrades and reduced NAND capex eroding its cost competitiveness and South Korean market share. Hang Seng & Shanghai Comp: Hang Seng +0.3% / Shanghai Comp Flat Chinese markets are kept afloat but with the upside limited amid a slew of earnings releases and with participants also bracing for results from China's big banks. US Equity Futures: Rangebound Trades rangebound as all attention turns to the Jackson Hole Symposium. European Equity Futures +0.4% Indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market closed with losses of 0.7% on Thursday.