[MARKET ANALYSIS] Asia-Pac trades mixed with a mostly negative bias after the flat performance stateside and deepening of the global bond rout, while conditions are thinned amid several holiday closures

APAC Stocks: Mixed Asia-Pac stocks are mixed with a mostly negative bias following the inconclusive handover from the US, where the major indices finished flat, and the bond rout deepened, while sentiment is also not helped by the thinned conditions with markets in South Korea, Taiwan and Mainland China closed for a holiday. ASX 200: -0.5% Index is led lower by underperformance in tech and with all sectors in the red aside from financials and consumer staples, while price action is not helped by the lack of catalysts and data releases. Nikkei 225: +1.2% Extended on the prior day's gains and reclaimed the 66,000 level, while the index is unfazed and Japanese banks are underpinned by the higher yield environment that saw the 30yr yield rise to the highest since its debut in 1999. Hang Seng: -1.9% Suffered despite the pleasantries at the Trump-Xi summit and state dinner, with losses in nearly all of the Hong Kong benchmark's constituents and with the Stock Connect closed due to the closure in the mainland for the Mid-Autumn Festival. US Equity Futures: Flat Lack of direction following the indecisive performance stateside. European Equity Futures +0.6% Indicate a positive cash market open with Euro Stoxx 50 futures up 0.6% after the cash market closed with losses of 0.4% on Thursday.