SINGAPORE — Stocks in Asia-Pacific edged lower in Friday morning trade, following yet another record session overnight for major indexes on Wall Street.
In Japan, the Nikkei 225 slipped 0.65% in early trade while the Topix index shed 0.57%. South Korea’s Kospi declined 0.15%.
Over in Australia, the S&P/ASX 200 dipped 0.15%.
MSCI’s broadest index of Asia-Pacific shares outside Japan traded fractionally lower.
Shares of Apple suppliers in the region were mixed in Friday morning trade. Japan’s Taiyo Yuden slipped 1.28% and Murata Manufacturing shed 0.43%. Over in South Korea, LG Display jumped more than 1%.
The Cupertino-based tech juggernaut’s stock stateside surged overnight after a top analyst from Morgan Stanley said she expects a record December quarter print for Apple, ahead of the firm’s earnings.
Overnight on Wall Street, the Nasdaq Composite advanced 0.6% to close at a new high of 13,530.91 while the S&P 500 gained less than 0.1% to finish its trading day at 3,853.07, eking out another fresh high. The Dow Jones Industrial Average, on the other hand, shed 12.37 points to close at 31,176.01.
Currencies
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.131 following an earlier high above 90.4.
The Japanese yen traded at 103.52 per dollar, stronger than levels above 103.7 against the greenback seen earlier this week. The Australian dollar changed hands at $0.7761, having risen from levels below $0.77 seen earlier in the trading week.
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Source: CNBC