[MARKET UPDATE] Asia-Pac stocks are mixed in early trade following the mostly subdued handover from US, where most major indices declined as oil prices and yields climbed amid the ongoing geopolitical backdrop, although the Nasdaq showed some resilence

Asia-Pacific equities are showing mixed performance this morning, reflecting a cautious market sentiment following a weak close in the US where major indices fell. The rising oil prices and yields are heightening concerns over inflation and interest rate pressures amidst ongoing geopolitical tensions, although the Nasdaq's relative resilience suggests some sector-specific strength. Traders should watch for how these developments might influence risk appetite and allocation in the coming sessions.