[MARKET ANALYSIS] Asia-Pac stocks trade mixed after recent tech-related swings and a deluge of data heading into quarter-end

APAC Stocks: Mixed

• Asia-Pac stocks trade mixed with choppy price action seen overnight heading into quarter-end, despite the gains in the US, where the DJIA notched a record close, and the Nasdaq outperformed amid strength in tech and communications.

ASX 200: Flat

• Trades little changed amid the mixed performances among its sectors and after the RBA minutes from the June meeting continued to affirm a hawkish stance, in which it was stated that policy needed to remain restrictive and the RBA will do what is needed to achieve price stability, including raising rates if necessary.

Nikkei 225: +0.9%

• Ultimately trades higher, although swung between gains and losses, with the index fluctuating through the 70,000 level, amid a weaker currency, FX intervention risks, and disappointing Industrial Production data.

Hang Seng & Shanghai Comp: Hang Seng -1.0% / Shanghai Comp -0.1%

• Chinese markets lagged as a rebound in tech stocks was counterbalanced by losses in miners and energy majors, while they also failed to benefit from better-than-expected PMI data and another PBoC overnight repo operation.

US Equity Futures: Rangebound

• Paused overnight following the prior day's tech and communications-led rebound.

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 0.2% on Monday.