[MARKET ANALYSIS] Asia-Pac stocks are mostly positive with the rebound inspired by blowout Micron earnings

APAC Stocks: Mixed

• Asia-Pac stocks trade mixed, albeit with a mostly positive bias and with the KOSPI leading the gains as tech and Nasdaq futures rebounded from the prior day's lows following strong earnings from Micron.

ASX 200: -0.3%

• Index is dragged lower by weakness in mining, materials, resources and energy stocks, while better-than-expected headline Australian jobs data failed to inspire and was mostly driven by part-time jobs.

Nikkei 225: +3.9%

• Rallied back above the 72,000 level amid a resurgence in tech and lower oil prices, while markets were unfazed by comments from BoJ hawk Tamura, who called for hiking rates every few months.

KOSPI +5.3%

• Outperforms amid a rally in Samsung Electronics and SK Hynix, with the latter sitting on double-digit percentage gains amid its US IPO plans.

Hang Seng & Shanghai Comp: Hang Seng -0.8% / Shanghai Comp +0.5%

• Chinese markets are mixed in the absence of any major fresh drivers and with the Hong Kong benchmark dragged lower by losses in miners and further weakness in hyperscalers, including Alibaba, after Anthropic accused the Co. of illicitly accessing AI models in a letter to US officials

US Equity Futures: Mostly positive

• Rebounded overnight with Nasdaq futures leading the upside following a blowout report from Micron.

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 0.3% on Wednesday.