[MARKET ANALYSIS] Asia-Pac stocks follow suit to the losses stateside amid tech weakness, as well as recent upside in oil and yields

APAC Stocks: NegativeAsia-Pac stocks followed suit to the losses on Wall St, where the Nasdaq was heavily pressured following Alphabet and Tesla earnings, while sentiment was also weighed on by rising oil prices and yields as geopolitical escalation continues.ASX 200: -1.0%Retreated with underperformance in tech and miners leading the downside, while the improvement in Australian flash PMIs did little to spur a rebound.Nikkei 225: -2.8%Fell beneath the 65,000 level with tech stocks heavily pressured and over-represented in the list of worst-performing stocks, while inflation data did little to shift the dial and printed in line with expectations.KOSPI -5.3%Suffered the brunt of the tech selling with sidecars activated on the KOSPI and KOSDAQ.Hang Seng & Shanghai Comp: Hang Seng -1.4% / Shanghai Comp -1.2%Chinese markets conform to the broad downbeat mood with notable pressure in miners and tech stocks.US Equity Futures: RangeboundPrice action is rangebound following the tech selling on Wall St.European Equity Futures +0.1%Indicate a slightly positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 1.7% on Thursday.