[MARKET ANALYSIS] Asia-Pac stocks are mostly in the red following the tech selling stateside
News detail
APAC Stocks: Mostly lowerAsia-Pac stocks are predominantly in the red following the tech-related losses on Wall St, while participants also brace for the incoming Non-Farm Payrolls report in a holiday-shortened trading week stateside.ASX 200: -0.1%Trades rangebound as strength in the top-weighted financial sector is offset by losses in the utilities, tech, energy and consumer sectors, while sentiment was also not helped by weak Australian trade data.Nikkei 225: -1.0%Retreated at the open amid tech selling and recent upside in yields, but with the index off today's worst levels.KOSPI - 3.1%Slumped amid the pressure in the memory chip stocks and triggered a sidecar in early trade.Hang Seng & Shanghai Comp: Hang Seng +0.7% / Shanghai Comp -0.3%Chinese markets are mixed with the mainland conforming to the broad risk-off mood, while the Hong Kong benchmark bucks the trend amid strength in local tech, biopharmaceutical and auto names on return from the holiday closure.US Equity Futures: Mildly positiveFutures slightly rebounded following the mostly negative Wall St performance, but with gains capped as the attention turns to the looming US jobs report.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 0.7% on Wednesday.
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