[MARKET ANALYSIS] Asia-Pac stocks trade mixed, with a slightly positive bias after Iran and Israel halted strikes, while Chinese trade data topped forecasts

APAC Stocks: Mixed

• Asia-Pac stocks trade mixed, albeit with a mostly positive bias as indices rebound from yesterday's losses, with sentiment helped by Israel and Iran halting their strikes, while participants also reflect on the better-than-expected Chinese trade data.

ASX 200: -0.3%

• Declined as the prior day's losses caught up with the index on return from a long weekend.

Nikkei 225: +1.3%

• Fluctuated and briefly wiped out all its opening gains before returning to near session highs.

Hang Seng & Shanghai Comp: Hang Seng -0.2% / Shanghai Comp +0.4%

• Chinese markets are mixed with the mainland kept afloat following the stronger-than-expected Chinese trade data, although gains are capped after the US Pentagon posted a list of Chinese military companies, in which it named Alibaba, Baidu, BYD, Tencent, NIO and Cosco among others.

US Equity Futures: Marginally positive

• Ekes mild gains following the halt in recent strikes between Iran and Israel.

European Equity Futures -0.4%

• Indicate a lower cash market open with Euro Stoxx 50 futures down 0.4% after the cash market closed flat on Monday.