Asian Stocks Swing; Technology Shares Gain on Apple's Forecast
- BHP Billiton leads commodities stocks lower as oil price falls
- Indian equities fluctate ahead of RBI monetary policy decision
What Tim Cook Had to Say About Apple's Earnings
This article is for subscribers only.
Asian stocks fluctuated, with technology shares buoyed by Apple Inc.’s forecast while raw-material producers followed commodity prices lower.
The MSCI Asia Pacific Index fell 0.1% to 161.27 as of 4:38 p.m. in Hong Kong after swinging between gains and losses at least 20 times. Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry Co. paced gains in technology shares after Apple’s outlook signaled resilient demand for the iPhone, with a gauge of regional peers headed for its highest level since 2000.