[MARKET ANALYSIS] Asia-Pac stocks trade mixed in holiday-thinned conditions, while US-Iran technical talks in Switzerland are said to be postponed due to Israel attacks on Lebanon

APAC Stocks: Mixed

• Asia-Pac stocks trade mixed in holiday-thinned conditions owing to the closures across Greater China for the Dragon Boat Festival and with the early weekend stateside due to Juneteenth, although there is a mostly positive bias with KOSPI the outperformer as it takes impetus from the tech-led gains on Wall St.

ASX 200: -1.0%

• Index is pressured with the declines led by losses in miners, materials and resources following a drop in gold prices and with BHP shares hit after it flagged a USD 2.36bln impairment charge on the Jansen project.

Nikkei 225: +0.1%

• Price action is choppy with the index initially printing a fresh record high just shy of the 72,000 level, where it then reversed course, while the latest inflation data from Japan mostly printed in-line with expectations, and participants remain on FX intervention watch after with USD/JPY at the 161.00 handle.

US Equity Futures: Mildly lower

• Gradually retreated overnight after the prior day's rally and with today's planned US-Iran negotiations in Switzerland said to be postponed following IDF's strikes on Lebanon.

European Equity Futures -0.5%

• Indicate a lower cash market open with Euro Stoxx 50 futures down 0.5% after the cash market closed with gains of 0.4% on Thursday.