[MARKET ANALYSIS] Asia-Pac stocks trade mixed as the region partially shrugs off tech sell-off stateside

APAC Stocks: Mixed

• Asia-Pac stocks are ultimately mixed as the region partially shrugs off the downbeat handover from Wall St, where sentiment was mired by the renewed tech-selling, while participants reflect on the latest Chinese PMI data and the end of the partial US government shutdown.

ASX 200: +0.7%

• Climbed higher with the upside led by outperformance in miners as metal prices continue their recovery, but with gains in the index capped by heavy losses in the tech sector.

Nikkei 225: -0.6%

• Slumped at the open but is off today's worst levels, while risk appetite was pressured following recent earnings, including disappointing results from Nintendo, which saw its shares suffer a double-digit percentage drop.

Hang Seng & Shanghai Comp: Hang Seng -0.8% / Shanghai Comp Flat

• Chinese markets saw two-way price action as participants digested stronger-than-expected Chinese RatingDog Services PMI data, and after the PBoC drained liquidity, while it was also reported that NVIDIA AI chip sales to China are stalled by a US security review and that Chinese customers are meanwhile not placing H200 chip orders with the Co.

US Equity Futures: Rangebound

• Index futures are little changed and get some respite from the prior day's tech-related selling.

European Equity Futures Flat

• Indicate a quiet cash market open with Euro Stoxx 50 futures unchanged after the cash market finished down by 0.2% on Tuesday.

Asia-Pac stocks are mixed as the region partly absorbs the recent tech market sell-off from the U.S., which signals that sentiment may be somewhat resilient despite pressures. The mixed performance highlights a divergence in regional sectors, with miners gaining on recovering metal prices while tech stocks struggle, particularly following disappointing earnings from key players like Nintendo.