[MARKET ANALYSIS] Asia-Pac stocks trade mixed amid diplomacy optimism and the looming Trump-Xi summit

APAC Stocks: Mixed Asia-Pac stocks are ultimately mixed following the similar handover from the US, despite the recent decline in oil prices and optimism regarding diplomacy after US President Trump announced that envoys had a 'very productive' meeting with the Iranian delegation on the sidelines of the UN General Assembly. However, he also threatened that they may have to blow up Pickaxe Mountain and will attack if they see activity, as well as commented that he has a big decision to make between allowing Iran to rebuild or to "annihilate" Iran. ASX 200: Flat Trades little changed with risk sentiment clouded by rate hike expectations and following weaker Flash PMI data from Australia, in which headline Manufacturing PMI slipped into contraction territory. KOSPI: +0.3% Kept afloat after tech-related momentum stateside, where the NDX outperformed and notched a fresh record high. Hang Seng & Shanghai Comp: Hang Seng -0.9% / Shanghai Comp -0.3% Chinese markets are subdued following today's PBoC liquidity drain and as reports that Chinese President Xi is unlikely to bring Chinese CEOs to his summit with US President Trump temper expectations for major business deals. US Equity Futures: Rangebound Price action is sideways amid the mixed global risk appetite. European Equity Futures +0.2% Indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.2% after the cash market closed with gains of 0.1% on Tuesday.