Apple supplier shares, oil prices and currencies
SINGAPORE — Shares in Asia-Pacific rose in Tuesday morning trade following overnight gains on Wall Street that saw the S&P 500 notching its fourth day of gains.
The Nikkei 225 in Japan gained 0.46% in early trade while the Topix index advanced 0.36%. South Korea’s Kospi climbed 0.8%.
Shares in Australia were also higher, with the S&P/ASX 200 up 0.31%. The Reserve Bank of Australia is set to release minutes from its October monetary policy meeting minutes on Tuesday morning.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.22% higher.
Investors also monitored Apple supplier shares in Asia after the Cupertino-based tech giant announced new products on Monday.
In Japan, shares of Taiyo Yuden fell 4.09% while Murata Manufacturing slipped 2.1%.
Overnight on Wall Street, the S&P 500 gained 0.34% to 4,486.46 while the Nasdaq Composite jumped 0.84% to 15,021.81. The Dow Jones Industrial Average lagged, dipping 36.15 points to 35,258.61.
Currencies and oil
The Japanese yen traded at 114.28 per dollar after weakening last week from below 113.4 against the greenback. The Australian dollar changed hands at $0.7417, above levels below $0.74 seen yesterday.
Oil prices were mixed in the morning of Asia trading hours, with international benchmark Brent crude futures fractionally lower at $84.28 per barrel. U.S. crude futures advanced 0.13% to $82.55 per barrel.