Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.
Asia-Pacific equities generally slip
On Tuesday, the stock indices of the Asia-Pacific region generally dived in the face of soaring worries as for the global trade conflict between America and other leading economies. Apparently, the Trump administration's plans for investment limits spurred risk aversion. During Asia trade crude rallied following the night’s sag.
The Australian market increased losses from the previous trading marathon after downbeat signals from Wall Street in the face of heightened worries as for the trade conflict between America as well as other large economies and also amid lower commodity prices.
Among the top-notch miners, the equities of BHP Billiton as well as Rio Tinto lost nearly 2%, while Fortescue Metals headed south by over 1%.
In addition to this, the gold mining company Evolution Mining ramped down its capitalization by approximately 0.3%, while Newcrest Mining tacked on up to 0.6% after gold inched down.
As for the market value of Woodside Petroleum, Oil Search and Santos, they dived 0.4%-1.4% because crude edged down at night.
As for the banking space, the equities of ANZ Banking, National Australia Bank, Westpac, Commonwealth Bank slumped 0.1%-0.6%.
At the same time the Japanese market demonstrated a moderate dive. It took place because of everlasting worries as for the global trade conflict.
Among the main exporters, one should point to the equities of the following high-tech giants of Japan: Sony, Panasonic, Canon and Mitsubishi Electric. The equities of these well-known companies headed south in the range of 0.6%- 1.5%.
Aside from that Japanese car makers Toyota and Honda diminished their capitalization by respectively 0.3% and 0.1%. At the same time in the banking sector, Mitsubishi UFJ Financial managed to add 0.5% of the value of its securities. Besides this, Sumitomo Mitsui Financial was able to come up with a 0.3% jump.
Richard Branson offloaded nearly 10 million shares, which equals about 4% of the Virgin Galactic stock, leaving him with an 18% stake.
Today at 00:00 GMT+3 SPCE will present the second quarter 2021 financial results. We will get to know everything about the company's financial condition and plans.
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