Market Analysis

[MARKET ANALYSIS] Asia-Pac stocks mostly take impetus from the continued tech-rebound stateside

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APAC Stocks: PositiveAsia-Pac stocks are mostly higher as the region takes impetus from the gains on Wall St, where the S&P 500 approached closer towards its record levels, and the Nasdaq outperformed as the tech rebound persisted.ASX 200: +0.2%Marginally gained amid continued outperformance in tech, but with advances in the index limited by underperformance in the top-weighted financial sector and weakness in defensives.Nikkei 225: +2.8%Rallied to a fresh record high and approached near the 58,000 level amid the Takaichi trade and ongoing expectations of incoming stimulus, while SoftBank is among the biggest gainers owing to its deep semiconductor exposure.Hang Seng & Shanghai Comp: Hang Seng +0.5% / Shanghai Comp -0.1%Chinese markets ultimately lag behind their regional counterparts, with the Hong Kong benchmark led higher by pharmaceuticals, while the mainland is lacklustre amid little fresh macro drivers.US Equity Futures: Marginally lowerUS index futures take a breather following the prior day's tech-driven advances.European Equity Futures -0.2%Indicate a slightly lower cash market open with Euro Stoxx 50 futures down 0.2% after the cash market closed with gains of 1.0% on Monday.

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