[MARKET ANALYSIS] Asia-Pac stocks are mostly lower after weak lead from the US and amid ongoing geopolitical uncertainty

APAC Stocks: Mostly lower Asia-Pac stocks are mostly lower following the weak lead from Wall St, where all major indices declined amid higher oil prices and yields due to ongoing geopolitical uncertainty following the expiry of the US-Iran MoU and with Trump rejecting a truce extension, while he also threatened to bomb US ally Oman. ASX 200: +0.2% Trades with mild gains amid a slew of earnings, with results from the likes of BHP and CSL helping keep the index afloat, although gains are capped by weakness in telecoms, financials and the consumer sectors. Nikkei 225: -1.6% Retreated towards the 68,000 level with underperformance in Japan amid upside in yields, higher oil prices, fears of a faster pace of BoJ rate hikes, and the recent weak GDP data. KOSPI -1.1% Initially rallied on return from the long weekend, but then faltered as the early tech resilience waned, and with some suggesting that US President Trump's decision to reduce military drills with South Korea could partly be due to frustration regarding the pace of South Korea's investment pledge. Hang Seng & Shanghai Comp: Hang Seng -0.7% / Shanghai Comp -0.4% Chinese markets are subdued following the recent disappointing economic data, in which Industrial Production and Retail Sales missed forecasts, although the downside in the mainland is somewhat cushioned after China's MOFCOM and eight other ministries announced measures to boost consumption in lower-tier cities and counties. US Equity Futures: Lower Extended on the prior day's losses as overnight sentiment gradually deteriorated. European Equity Futures -0.5% Indicate a lower cash market open with Euro Stoxx 50 futures down 0.5% after the cash market closed with losses of 0.1% on Monday.