[MARKET UPDATE] Asia-Pac stocks begin mixed as the region takes its cue from the similar performance stateside, where participants digested a slew of data, and yields continued to climb despite softer PCE data

The notable feature here is the divergence flagged in the handover: yields climbing despite a softer core PCE print. In past episodes of this kind, a rates market that sells off through friendly inflation data has tended to be trading supply, term premium, or positioning rather than the data itself, and that distinction matters for how durable the move proves. A mixed rather than uniformly lower Asia open is the usual signature when the equity and rates signals conflict, with the regional split typically falling along rate sensitivity, exporters and high multiple growth names reacting differently to a rising yield backdrop. What is worth watching is whether the yield rise extends into the European session or fades as positioning clears, and whether upcoming supply and speaker calendars give the move a fundamental anchor. As a session recap rather than fresh news, the note carries context value only.