Investors watch Apple supplier stocks
Investors watched stocks of Apple suppliers in the Asia-Pacific region after the Cupertino, California-based tech giant reported another blowout quarter and sales rose 54% year over year.
In South Korea, LG Display shares fell 1.72% in morning trading. AAC Tech shares rose 0.68% in Hong Kong, while Taiwan Semiconductor Manufacturing Company shares rose 0.5%.
The Fed keeps monetary policy simple
The Federal Reserve decided on Wednesday to keep short-term interest rates near zero as it buys at least $ 120 billion worth of bonds every month.
Fed chairman Jerome Powell said the recovery was “uneven and nowhere near complete”. He added that it is still not time to discuss reducing policy housing, including asset purchases.
Currencies and oil
The US dollar index, which tracks the greenback versus a basket of its peers, hit 90.475 after falling above 90.9 at the start of the week.
The Japanese yen was trading at 108.44 per dollar, compared to levels above 108.6 against the greenback earlier this week. The Australian dollar changed hands at $ 0.7808 after rising below $ 0.776 yesterday.
Oil prices rose on the morning of trading hours in Asia, with the international benchmark’s Brent crude oil futures rising 0.4% to $ 67.54 a barrel. US crude oil futures rose 0.42% to $ 64.13 a barrel.