Actionable news
0
All posts from Actionable news
Actionable news in AAPL: Apple Inc.,

Asia tech stocks bathe in Apple glow, dollar overshadowed

SYDNEY (Reuters) - Asian technology stocks hit 17-year peaks on Wednesday as blockbuster earnings from Apple (AAPL.O) rippled out to component makers globally, helping offset a pullback in the energy sector.

Shares in the world's most valuable company surged 6 percent after hours to a record of more than $159, taking its market capitalization above $830 billion.

That should help carry the Dow through the 22,000 mark when trading resumes in New York. E-Mini futures for the Dow YMc1 were up 0.2 percent in Asia trade.

The tech giant reported better-than-expected iPhone sales, revenue and earnings per share and signaled its upcoming 10th-anniversary phone is on schedule.

Among Apple suppliers, LG Innnotek (011070.KS) jumped 9 percent and SK Hynix (000660.KS), the world's second-biggest memory chip maker, rose almost 3 percent. Murata Manufacturing (6981.T) firmed 4 percent and Taiyo Yuden (6976.T) 3.8 percent.

The MSCI tech index for Asia .MIAS0IT00PUS climbed 0.8 percent to ground not trod since early 2000, bringing its gains for the year to a heady 40...


More