• Asia-Pacific stocks mixed; investors monitor Apple suppliers in the region

    30 Oct 2020 | SET News

Asia-Pacific stocks mixed; investors monitor Apple suppliers in the region


Stocks in Asia-Pacific traded mixed on Friday morning following an overnight bounce on Wall Street on the back of better-than-expected U.S. economic data.

In Japan, the Nikkei 225 slipped 0.36% while the Topix index shed 0.73%. Japan’s industrial output rose 4% in September from the previous month, according to a preliminary report released Friday by the country’s Ministry of Economy, Trade and Industry.

South Korea’s Kospi also dipped 0.41%.

Meanwhile, shares in Australia advanced, with the S&P/ASX 200 up 0.3%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded little changed.

Shares of Apple suppliers in Asia-Pacific were mixed in Friday morning trade. In Japan, Taiyo Yuden fell about 1% and Murata Manufacturing slipped 0.4% Over in South Korea, LG Display gained 0.69%.

The moves came after the Cupertino-based tech giant reported fourth-quarter earnings that slightly beat Wall Street expectations. Apple, however, did not offer investors any guidance for the quarter ending in December — meaning that investors and analysts don’t get clues on the firm’s sales performance expectations of the iPhone 12, which went on sale in October.

Apple’s stock had dropped over 4% in extended trading.


Reference: CNBC

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