Apple hits all-time highs, Asia hopes to benefit

Apple hits all-time highs, Asia hopes to benefit

Wednesday, August 02, 2017


Epic Research Update : Asian Markets

Asian stocks paused near decade-highs on Wednesday as investors waited to see if strong earnings results from tech bellwether Apple would ripple out to component makers in the region.

Shares in the world’s most valuable company surged 6 percent after hours to a record of more than USD 159, taking its market capitalisation above USD 829 billion. That should also help carry the Dow through the 22,000 mark when trading resumes.

Japan’s Nikkei rose 0.5 percent. Apple suppliers soared, with Murata Manufacturing up 3.2 percent and Taiyo Yuden gaining 3.3 percent.

South Korean stocks edged up 0.2 percent, but Australia’s benchmark fell 0.4 percent.

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