There are some doubts about Apple sustainability amid coronavirus. Who will buy and who will produce new IPhones?
Asian equities mostly rise taking cue from Apple and regional data
On Wednesday, Asian markets mostly rose, with market sentiment influenced by Apple earnings.
Japan's Nikkei 225 gained 0.35%. Meanwhile, Australia’s S&P/ASX 200 stood still, with moderate revenues in the industrials sub-index compensated by a steeper dips in the energy as well as materials sub-indexes.
In Hong Kong the Hang Seng Index soared 0.57%, the Shanghai Composite leapt 0.13%.
Equities in the world's most valuable company inched up 6% after hours, reaching a record of more than $159. It definitely helped to take the company’s market capitalization to more than $830 billion.
Besides this, Australia posted that June’s building approvals headed north 10.9%, supplanting a 1.5% revenue observed month-on-month.
Overnight, Wall Street concluded at record maximums for the second day in a row, neglecting dismal economic data because market participants paid attention to gains from tech-heavyweight Apple Inc due after markets close.
The so-called “stock market bloodbath” has continued on Friday with major indices falling down to the lows of the last October. What's going on?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
US Fed comes right on time with the crisis support program announcement. How does the stock market react?
We could gain from buying emerging-market currencies such as South African rand, Mexican peso and Brazilian real.
Here are the most important topics that will determine the dynamics of currencies, commodities and stocks on Thursday, April 9. N