Asian stocks ascend as Apple suppliers gain a boost
On Friday, Asian stock markets were higher, backed by revenues in Apple Inc.’s suppliers. Meanwhile, some uncertainty was still over the outcomes from major bank policy gatherings in Japan and America next week.
Japanese Nikkei Stock Average rose 0.5%, Australian S&P/ASX 200 acquired 1.1%, New Zealandian NZX-50 gained 0.8% and Singaporean Straits Times Index ascended 0.8%.
Besides this, markets in China, Taiwan, Hong Kong, South Korea as well as Malaysia were unavailable for the mid-autumn festival.
Profits in Asian markets followed a steep ascend in Apple stocks overnight, that boosted key American indexes. Apple started shipping its brand new iPhone models on Friday.
The shares of electronics equipment makers, supplying parts to Apple edged up. Murata Manufacturing Co. gained 4.1%, while TDK Corp. managed to grasp 4.3%.
Still, a great number of market participants remained quite cautious and refrained from trading aggressively before monetary policy verdicts from the BOJ as well as the Fed next week.