[MARKET ANALYSIS] Asia-Pac stocks rebound from the tech bloodbath

APAC Stocks: Positive Asia-Pac stocks are mostly higher as global markets regained composure following the recent tech bloodbath and with the attention turning to looming comments from Fed Chair Warsh, while Indonesian stocks are the outlier with double-digit percentage losses as the MSCI consults on a proposal to reclassify Indonesia from Emerging Market to a Standalone Market Status. ASX 200: +1.1% Index gained with the upside led by tech and miners, while recent weak jobs data also supports the case for a pause from the central bank at the next meeting. Nikkei 225: 1.7% Recouped some of the losses from the prior day's turmoil. KOSPI +3.2% Outperforms but still has far to go after falling by as much as 8% yesterday. Hang Seng & Shanghai Comp: Hang Seng +1.1% / Shanghai Comp +1.0% Chinese markets conform to the broad recovery in risk assets, while PBoC Governor Pan also recently reiterated that China would maintain a moderately loose monetary policy. US Equity Futures: Rangebound Price action is contained following yesterday's recovery. European Equity Futures +0.7% Indicate a positive cash market open with Euro Stoxx 50 futures up 0.7% after the cash market closed with losses of 0.4% on Thursday.