[MARKET ANALYSIS] Asia-Pac stocks take impetus from the advances on Wall St where all major indices gains and the Nasdaq climbed to a fresh record high, despite4 continued upside in long-term yields

APAC Stocks: Mostly positive

• Asia-Pac stocks mostly took impetus from the positive handover from Wall St, where all major indices gained and the Nasdaq led the advances to print a fresh record high, despite the continued upside in long-term Treasury yields.

ASX 200: +0.6%

• Gained at the open with outperformance seen in real estate and utilities, while the top-weighted financials sector and mining stocks also contributed to the upside in the index.

Nikkei 225: +0.3%

• Returned to above the 70,000 level but with the upside capped following the prior day's surge and in the absence of any major fresh catalysts, while it was recently reported that Japan’s GPIF did not discuss allocation at its September meeting.

KOSPI -0.8%

• Underperforms on return from the long weekend with the index dragged lower by losses in the domestic tech giants, while US President Trump had also previously threatened South Korea to sign on to the Alaska LNG deal or he will 'charge them more’.

Hang Seng +0.8%

• Extended above the 24,000 level with tech and biopharmaceuticals spearheading the advances, while it was also reported that China's Moonshot is to close its pre-IPO funding round at a USD 50bln valuation and eyes a Hong Kong IPO in Q1 next year.

US Equity Futures: Marginally higher

• Remains afloat following the Nasdaq-led momentum on Wall St.

European Equity Futures +0.5%

• Indicate a positive cash market open with Euro Stoxx 50 futures up 0.5% after the cash market closed with gains of 0.1% on Monday.