[MARKET UPDATE] Asia-Pac stocks are mixed as the region attempts to claw back the recent tech-related losses, while participants await key releases from China including the latest inflation and trade figures

Regional sessions framed around recovering a prior sector-led drawdown have a familiar shape: the rebound attempt in tech tends to trace the Nasdaq close, and Asia breadth on such days has historically been a function of whether the US selling was positioning-driven or news-driven, with the former unwinding more cleanly. China data is the standing swing factor for the region; soft inflation prints have repeatedly revived stimulus expectations and supported domestic equities and industrial commodities, while trade figures are read primarily through the export pulse as a proxy for external demand and through import strength as a read on the domestic cycle. The two releases interact: a weak CPI alongside firm exports points to the familiar deflationary-overcapacity mix that has periodically pressured Chinese producer margins and fed through to regional peers and AUD. Ahead of the prints, price action typically stays contained, with positioning light and the equity mix dictated by US futures and the yuan fix. The follow-on tells are the onshore equity response to the data, the CNY fix against expectations, and whether base metals and the antipodeans take their cue from China rather than the overnight tech tape.