[MARKET ANALYSIS] Asia-Pac stocks are pressured following the continued tech selling stateside and flip-flopping regarding US-Iran talks, while the metals sell-off persisted

APAC Stocks: Negative

• Asia-Pac stocks are mostly lower following the continued tech selling stateside and flip-flopping regarding US-Iran talks, while commodities are pressured overnight with silver prices dropping by a double-digit percentage.

ASX 200: -0.6%

• Index was dragged lower by weakness in mining and resources stocks after underlying commodities prices took a hit, but with downside stemmed by resilience in financials and consumer stocks.

Nikkei 225: -0.8%

• Traded indecisively and ultimately retreated back beneath the 54,000 level alongside the downbeat mood in the region.

Hang Seng & Shanghai Comp: Hang Seng -1.4% / Shanghai Comp -1.0%

• Chinese markets underperform with notable weakness in miners, property names and insurers, while an increased liquidity effort by the PBoC and reports of an 'excellent' call between US President Trump and Chinese President Xi failed to spur risk appetite.

US Equity Futures: -0.1%

• Price action is rangebound after the prior day's tech-led declines and after the latest big tech earnings did little to boost futures.

European Equity Futures -0.2%

• Indicate a lower cash market open with Euro Stoxx 50 futures down 0.2% after the cash market finished with losses of 0.4% on Wednesday.

The continued tech sell-off in the U.S. and uncertainty surrounding U.S.-Iran negotiations are weighing heavily on Asia-Pacific stocks, primarily driven by a notable drop in commodity prices, particularly silver. The divergence in market reactions, despite efforts from the PBoC and talks between U.S. and Chinese leaders, indicates persistent risk aversion in the region.