[MARKET ANALYSIS] Asia-Pac stocks are mixed with most major indices in the red after failing to sustain the momentum from Wall St's rally
APAC markets are mixed as investors weigh U.S.-Iran diplomatic hopes and falling oil prices against a lack of local catalysts, while awaiting HSBC's latest results.
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APAC Stocks: MixedAsia-Pac stocks trade mixed, with most major indices in the red after the region failed to sustain the momentum from Wall St, where all major indices rallied, and the Dow notched a record close amid lower oil prices and yields, following Trump's strike cancellation and touted US-Iran talks.ASX 200: +1.2%Outperforms with the advances led by strength in tech and the top-weighted financial industry.Nikkei 225: -0.5%Wiped out early gains and dipped into negative territory with a lack of bullish catalysts overnight.KOSPI -0.5%Swung between gains and losses amid the choppy performances in its tech giants.Hang Seng & Shanghai Comp: Hang Seng -0.5% / Shanghai Comp -0.1%Chinese markets are also subdued after failing to hold on to opening gains amid very few fresh catalysts, while the attention is also on earnings with HSBC results due today.US Equity Futures: PositiveMarginally extended on the prior day's rally amid US-Iran diplomacy hopes.European Equity Futures +0.3%Indicate a positive cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed with gains of 1.1% on Monday.
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