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Asia-Pacific stocks mixed; investors monitor Apple supplier stocks after revenue miss

Soegeefx AppsAsia MarketAsia-Pacific stocks mixed; investors monitor Apple supplier stocks after revenue miss

Key Points

  • Asia-Pacific stocks were mixed in Friday morning trade.

  • Apple reported revenue that fell short of Wall Street expectations in its fiscal fourth quarter. CEO Tim Cook said there were larger-than-expected supply constraints on iPhones, iPads and Macs.
  • Australia’s retail sales rose 1.3% month-on-month in September on a seasonally adjusted basis, according to data released Friday by the country’s Bureau of Statistics. That was higher than forecasts for a 0.2% gain in retail sales, according to Reuters.

SINGAPORE — Shares in Asia-Pacific were mixed in Friday trade as investors monitored stocks of Apple suppliers after the tech giant revenue miss.

Mainland Chinese stocks were higher as the Shanghai composite advanced 0.15% and the Shenzhen component gained 0.528%.

Hong Kong’s Hang Seng index shed 0.42%.

Trading in the Hong Kong-listed shares of Razer was halted on Friday “pending the release of an announcement in relation to inside information of the Company and pursuant to the Hong Kong Code on Takeovers and Mergers,” according to an exchange filing.

The Nikkei 225 in Japan dipped 0.1% while the Topix index declined 0.21%. South Korea’s Kospi slipped 0.54%.

Australian stocks also fell as the S&P/ASX 200 dropped 0.71%. Australia’s retail sales rose 1.3% month-on-month in September on a seasonally adjusted basis, according to data released Friday by the country’s Bureau of Statistics. That was higher than forecasts for a 0.2% gain in retail sales, according to Reuters.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.3% lower.

TICKER COMPANY NAME PRICE CHANGE %CHANGE
.N225 Nikkei 225 Index *NIKKEI 28792.53 -27.56 -0.1
.HSI Hang Seng Index *HSI 25444.01 -111.72 -0.44
.AXJO S&P/ASX 200 *ASX 200 7376.7 -53.7 -0.72
.SSEC Shanghai *SHANGHAI 3521.57 3.15 0.09
.KS11 KOSPI Index *KOSPI 2994.14 -15.41 -0.51
.FTFCNBCA CNBC 100 ASIA IDX *CNBC 100 10253.85 -17.18 -0.17

Apple supplier stocks mixed

Investors watched for movements in regional Apple supplier stocks after the company’s sales fell short of Wall Street expectations in its fiscal fourth quarter. CEO Tim Cook said there were larger-than-expected supply constraints on iPhones, iPads and Macs.

In Friday trade, shares of Alps Alpine in Japan plunged 7.25% while Murata Manufacturing climbed 0.48% and Taiyo Yuden gained 1.23%.

Over in Taiwan, shares of Hon Hai Precision Industry declined 1.38% while Taiwan Semiconductor Manufacturing Company slipped 0.67%.

In mainland China, Luxshare’s stock fell 0.977% while GoerTek jumped about 3%.

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Currencies and oil

The US dollar index, which tracks the greenback against a basket of its peers, was at 93.4 after a recent drop from above 93.9.

The Japanese Yen traded at 113.57 per dollar, stronger than levels above 114 seen against the greenback earlier this week. The Australian dollar changed hands at $0.7538, largely holding on to gains after climbing from below $0.75 earlier in the week.

Oil prices were higher in the morning of Asia trading hours, with international benchmark Brent crude futures up 0.39% to $84.65 per barrel. US crude futures hovered above the flatline, trading at $82.83 per barrel.

Source : CNBC

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