Asia-Pacific stocks dip; Apple close to finalizing deal with Hyundai-Kia
4 Feb 2021 | SET News
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Asia-Pacific stocks dip; Apple close to finalizing deal with Hyundai-Kia
Shares in Asia-Pacific dipped in Thursday morning trade following another positive session overnight for the S&P 500 stateside.
In Japan, the Nikkei 225 shed 0.36% in early trade while the Topix index slipped fractionally. South Korea’s Kospi declined 0.37%.
Stocks in Australia slid as the S&P/ASX 200 declined 0.32%. Australia’s trade data for December is set to be out around 8:30 a.m. HK/SIN.
MSCI’s broadest index of Asia-Pacific shares traded slightly lower.
Apple closing in on deal with Hyundai-Kia
Shares of South Korean automakers Hyundai Motor and Kia Motors jumped 1.83% and 2.35%, respectively, in morning trade. That came after sources told CNBC that Apple is close to finalizing a deal with Hyundai-Kia to manufacture an Apple-branded autonomous electric vehicle at the Kia assembly plant in West Point, Georgia.
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