[MARKET ANALYSIS] Asia-Pac stocks took impetus from the gains on Wall St where the Nasdaq rallied and notched a record close on a surge in Meta and with AMD joining the USD 1tln market cap club

APAC Stocks: Positive

• Asia-Pac stocks are mostly higher following the advances on Wall St, where the Nasdaq outperformed and notched a fresh record close as Meta shares surged over 11% on strong adoption of its Muse AI agent and with AMD reaching the USD 1tln market cap valuation, although markets in Japan were closed again for the holidays.

ASX 200: +0.1%

• Trades marginally higher but with gains capped as the strength in tech, consumer discretionary and health care is partly offset by losses in utilities, energy and financials.

KOSPI +1.7%

• Took its cue from the tech and communications outperformance stateside, while South Korea's Industry Ministry noted that the final announcement on the US investment plan will be made by President Trump, with the funds to be remitted within 45 days if requested by the US.

Hang Seng & Shanghai Comp: Hang Seng +0.5% / Shanghai Comp +0.3%

• Chinese markets are positive with tech stocks leading the advances, although upside is capped as some property, energy and biopharmaceutical stocks lag, while participants also continue to await the Trump-Xi summit this week.

US Equity Futures: Mixed

• Mostly took a breather, although Nasdaq futures remained underpinned following yesterday's outperformance.

European Equity Futures +0.3%

• Indicate a positive cash market open with Euri Stoxx 50 futures up 0.3% after the cash market closed with gains of 1.3% on Monday.