[MARKET ANALYSIS] Asia-Pac stocks mostly rebounded following yesterday's sell-off

APAC Stocks: Mostly Positive

• Asia-Pac stocks are mostly higher with several bourses recovering from the prior day's sell-off, as the region takes impetus from the positive handover from Wall St, where markets rallied after a strong ISM Manufacturing report.

ASX 200: +1.1%

• Climbed higher with tech and miners leading the advances although further upside is capped as participants await a widely expected RBA rate hike.

Nikkei 225: +3.0%

• Surged following recent currency weakness and reclaimed the 54,000 status.

KOSPI +4.4%

• Outperformed in a turnaround from the prior day's bloodbath with the Korea Exchange activating a sidecar earlier in the session to briefly halt program trading after a sharp rise in the local benchmark.

Hang Seng & Shanghai Comp: Hang Seng -1.2% / Shanghai Comp -0.2%

• Chinese markets bucked the trend with pressure seen across tech stocks, despite no immediate obvious catalysts, while the Hang Seng TECH Index re-entered bear market territory after dropping more than 20% from its October high.

US Equity Futures: Rangebound

• Index futures held on to recent spoils and lingered near the prior day's best levels.

European Equity Futures +0.4%

• Indicate a positive cash market open with Euro Stoxx 50 futures up 0.4% after the cash market closed with gains of 1% on Monday.

Asia-Pac stocks have mostly rebounded today following yesterday's sell-off, driven by positive momentum from Wall Street after a strong ISM Manufacturing report. While the ASX 200 and Nikkei 225 showed significant gains, Chinese markets lagged, particularly in tech, hinting at sector-specific pressures. The broader recovery suggests that sentiment may stabilize, but the anticipated RBA rate hike could temper further advances as investors await clarity on monetary policy.