[MARKET ANALYSIS] Asia-Pac stocks tracked Wall St peers lower after recent upside in oil and yields

APAC Stocks: Negative

• Asia-Pac stocks are mostly lower following the losses stateside, where all major indices declined as yields and oil prices climbed, with Brent crude topping USD 100/bbl for the first time since July.

ASX 200: -1.6%

• Declined amid broad-based weakness across sectors and with the downside led by materials, mining, resources, and tech.

Nikkei 225: -0.8%

• Retreated amid a higher yield environment and ongoing rate hike expectations, while BoJ board member Masu also stuck to the hawkish hymn sheet.

KOSPI -1.2%

• Declined at the open but is off today's worst levels as SK Hynix rebounded from intraday lows.

Hang Seng & Shanghai Comp: Hang Seng -1.4% / Shanghai Comp -0.2%

• Chinese markets conform to the subdued mood across the region in the absence of any bullish drivers and after the PBoC conducted open market operations but kept the amount at a paltry CNY 3bln.

US Equity Futures: Mixed

• Price action is range-bound ahead of the incoming inflation metrics and with little reaction seen to US President Trump's pledge to give every US adult a 'Trump dividend' of USD 5,000 if the GOP win the Midterms.

European Equity Futures +0.1%

• Indicate a marginally positive cash market open with Euro Stoxx 50 futures up 0.1% after the cash market closed with losses of 1.6% on Wednesday.