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.
Asian shares demonstrate mixed performance after Easter break
On Tuesday, Asian stocks were mixed following the Easter break.
As a matter of fact, China’s Shanghai Composite as well as the Shenzhen Component headed south by respectively 0.4% and 1.1%. The Hang Seng Index stood still sticking with 29,973 in Hong Kong.
The dive in Chinese stocks occurred after the Chinese government indicated they won’t probably add stimulus due to the fact the country’s cabinet is getting heavily concerned about the danger of asset bubbles.
Well, instead, watchdogs will shift their focus to reforms and opening up and also restructuring.
China’s 25-member ruling body of the country, the Politburo headed by President Xi Jinping, ascertained that the country’s economic performance turned out to be better than anticipated and that market confidence has got back, as the state-owned Xinhua news agency informed.
The news appeared after the previous week China posted better-than-anticipated economic surge in the first quarter.
Besides this, Japan’s Nikkei 225 sank by about 0.2%. Japan’s Prime Minister Shinzo Abe is expected to meet leaders of the EU on Thursday and then American leader this week in America.
In South Korea, the KOSPI index managed to rally by up to 0.1%. Additionally, Samsung Electronics Co Ltd managed to make headlines once again right after the company told that it made up its mind to postpone the launch of its latest flagship handset “Galaxy Fold” following reports of screen failures among some review units just after several days of use. Samsung didn’t reveal another debut date.
Besides this, Australia’s ASX 200 rallied by up to 0.8%.
As for Australia-listed Santos Ltd, Woodside Petroleum Ltd as well as Beach Energy Ltd all shot up by nearly 3%.
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.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.