Asia-Pacific shares edge lower as investors watch shares of Apple suppliers in the region
22 Jan 2021 | SET News
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Asia-Pacific shares edge lower as investors watch shares of Apple suppliers in the region
Stocks in Asia-Pacific edged lower in Friday morning trade, following yet another record session overnight for major indexes on Wall Street.
In Japan, the Nikkei 225 slipped 0.65% in early trade while the Topix index shed 0.57%. South Korea’s Kospi declined 0.15%.
Over in Australia, the S&P/ASX 200 dipped 0.15%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded fractionally lower.
Shares of Apple suppliers in the region were mixed in Friday morning trade. Japan’s Taiyo Yuden slipped 1.28% and Murata Manufacturing shed 0.43%. Over in South Korea, LG Display jumped more than 1%.
The Cupertino-based tech juggernaut’s stock stateside surged overnight after a top analyst from Morgan Stanley said she expects a record December quarter print for Apple, ahead of the firm’s earnings.
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