[MARKET ANALYSIS] Asia-Pac equities trade mixed, with the KOSPI outperforming with the help of the tech sector

Asia-Pac stocks trade mixed, with initial losses paring back as the session continues.
ASX 200 holds onto earlier losses, with downside in IT and Financials counteracting the gains seen in miners following the rise in metals.
Nikkei 225 continues its recent weakness for a fifth straight session, weighed on by banks and exporters, as worries over Japan’s fiscal sustainability hit Japanese markets.
KOSPI initially started the APAC session on the backfoot, alongside the Nikkei, before reversing losses entirely, helped by giants Samsung, Hyundai and SK Hynix. The weakness in the Korean Won has also aided the recent trend to ATHs.
Hang Seng and Shanghai Comp. trade with slight gains, albeit very modestly, in line with its Asia-Pac counterparts.
US equity futures slightly rebound from Tuesday’s selloff (ES +0.3%, NQ +0.3%), with the tech aiding the modest upside.
European equity futures are indicative of a slightly weaker open with the Euro Stoxx 50 future down 0.2% after cash closed -0.5% on Tuesday.