SINGAPORE — Stocks in Asia-Pacific edged lower in Friday morning trade, following yet another record session overnight for major indexes on Wall Street.
Mainland Chinese stocks were mixed, with the Shanghai composite down 0.18% while the Shenzhen component was above the flatline. Hong Kong's Hang Seng index fell 0.32%.
Shares of CNOOC in Hong Kong dropped around 2% after index provider MSCI announced that it will delete the firm from the MSCI ACWI and MSCI China All Shares indexes.
The U.S. Department of Commerce under former U.S. President Donald Trump announced last week that it had added CNOOC to a list which essentially restricts those firms from receiving specific goods made in the U.S.
In Japan, the Nikkei 225 slipped 0.34% while the Topix index shed 0.18%. South Korea's Kospi gained 0.45%.
Over in Australia, the S&P/ASX 200 dipped slightly.
MSCI's broadest index of Asia-Pacific shares outside Japan traded below the flatline.
Apple suppliers in Asia
Shares of Apple suppliers in the region were mixed in Friday morning trade. Japan's Taiyo Yuden slipped 3.36% and Murata Manufacturing shed 0.57%. Over in South Korea, LG Display shed 0.21%.
In Taiwan, shares of Hon Hai Precision Industry — better known as Foxconn — gained 2.14% while Taiwan Semiconductor Manufacturing Company slipped 1.63%. Hong Kong-listed shares of AAC Technologies declined 1.28%.
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 and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.138 following an earlier high above 90.4.
The Japanese yen traded at 103.56 per dollar, stronger than levels above 103.7 against the greenback seen earlier this week. The Australian dollar changed hands at $0.7754, having risen from levels below $0.77 seen earlier in the trading week.
Oil prices declined in the morning of Asia trading hours, with international benchmark Brent crude futures down 0.87% to $55.61 per barrel. U.S. crude futures slipped 1.04% to $52.58 per barrel.
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January 22, 2021 at 06:38AM
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Asia-Pacific shares lower as investors watch shares of Apple suppliers in the region - CNBC
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