Apple supplier stock in focus after lost revenue

Asia Pacific stocks were mixed on Friday as investors tracked stocks in Apple suppliers after the tech giant lost revenue.

 

Mainland Chinese stocks closed higher, with Shanghai up 0.82% to 3547.34 and Shenzhen up 1.45% to 14 451.38.

 

The Hong Kong Hang Seng Index is down 0.8% in the last hour of trading.

 

According to a statement from the exchange, trading in Razer shares, listed on the Hong Kong Stock Exchange, was suspended on Friday "pending the release of an announcement regarding inside information of the Company and in accordance with the Hong Kong Code of Mergers and Acquisitions."

 

Japan's Nikkei 225 recovered from previous losses and rose 0.25% on the day to 28,892.69, while the Topix rose about 0.1% to close at 2001.18. South Korea's Kospi fell 1.29% to end the day at 2,970.68.

 

Australia stocks also fell as the S & P / ASX 200 closed 1.44% below 7,323.70. Retail sales in Australia rose 1.3% mom in September on a seasonally adjusted basis, according to data released Friday by the country's Bureau of Statistics. According to Reuters, this is above forecasts for retail sales growth of 0.2%.

 

MSCI, the broadest Asia Pacific stock index outside Japan, fell 0.63%.

 

Investors watched stocks in regional Apple suppliers move after the company's sales fell short of Wall Street's expectations in the fourth fiscal quarter. CEO Tim Cook said supply restrictions on iPhones, iPads and Macs were more severe than expected.

 

Alps Alpine shares in Japan fell 6.41% on Friday, while Murata Manufacturing rose 0.87% and Taiyo Yuden rose 1.23%.

 

In Taiwan, Hon Hai Precision Industry shares fell 1.38%, while Taiwan Semiconductor Manufacturing Company shares fell 0.84%.

 

In mainland China, Luxshare shares fell 0.617%, while GoerTek shares jumped 4.663%.

 

The US Dollar Index, which tracks the dollar against a basket of peers, stood at 93.494, after an earlier low of 93.322.

 

The Japanese yen traded at 113.58 per dollar, up from 114 against the dollar earlier this week. The Aussie changed hands at $ 0.7538, mostly holding up after rising from below $ 0.75 earlier in the week.

 

Oil prices were higher in the afternoon of trading in Asia, with Brent crude on the world market rising 0.26% to $ 84.54 a barrel. US oil futures rose 0.14% to $ 82.93 a barrel.