SINGAPORE — Stocks in Asia-Pacific were lower in Friday trade following an overnight bounce on Wall Street on the back of better-than-expected U.S. economic data.
In Japan, the Nikkei 225 slipped 0.55% while the Topix index fell 0.9%. Japan’s industrial output rose 4% in September from the previous month, according to a preliminary report released Friday by the country’s Ministry of Economy, Trade and Industry.
Over in Singapore, the Straits Times index declined 0.23%. Shares of Nanofilm Technologies surged more than 15% from their listing price as they made their debut in the city on Friday. The firm’s listing is Singapore’s largest in at least six years, according to Reuters.
Meanwhile, shares in Australia nudged higher, with the S&P/ASX 200 up around 0.1%. AMP saw its stock soar more than 20% after the firm announced Friday it received a conditional takeover offer from Ares Management.
MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.09% higher.
In coronavirus developments, Moderna said Thursday it is prepping for the global launch of its potential coronavirus vaccine. That comes amid a rise in cases in the U.S. as well as Europe, with Germany and France announcing new nationwide lockdowns.
Apple suppliers lower
The moves came after the Cupertino-based tech giant reported fourth-quarter earnings that slightly beat Wall Street expectations. Apple, however, did not offer investors any guidance for the quarter ending in December — meaning that investors and analysts don’t get clues on the firm’s sales performance expectations of the iPhone 12, which went on sale in October.
Apple’s stock had dropped over 4% in extended trading.
Currencies and oil
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 93.793 after rising from levels below 93.5 this week.
The Japanese yen traded at 104.38 against the greenback after weakening from levels around 104 per dollar yesterday. The Australian dollar changed hands at $0.7051, having seen a decline from levels above $0.708 earlier this week.