Asian Market Review 11.09

Asian markets are trading broadly higher Wednesday morning following a muted session on Wall Street. Shares of Apple suppliers are doing well following the overnight unveiling of Apple’s latest group of iPhones.

In Japan the Nikkei continues to make gains on the back of a weaker Yen, and trades up by 0.5% heading into today’s lunch break. Shares of Sony are recovering part of the 2% loss from the previous session and trade 0.8% higher, and Sharp Electronics has soared 4.7% higher.

Australia’s S&P/ASX 200 has a 0.3% gain, with the big four banks trading up in the range of 0.6% to 1.3% today. Major miners are also gaining, with BHP trading up by 1.3%, Rio Tinto advancing 2.4%, and Fortescue Metals gaining 1.7%. Oil majors are also doing well, with Woodside Petroleum up 0.7%, and Beach Energy advancing 1%.

Mainland Chinese markets have also opened to the upside, with the Shanghai Composite trading 0.3% higher, and the smaller cap Shenzhen Composite adding 0.2%. Hong Kong shares are also higher today, with the Hang Seng adding 0.4% in early trade despite protests in the city continuing. Apple supplier AAC Tecnologies is up 0.8%.

South Korea’s Kospi is trading 0.6% higher, with Samsung gaining 0.4%, but SK Hynix down 0.2%. In Taiwan the Taiex has a modest 0.2% gain, helped by a 0.4% rise in shares of Taiwan Semiconductor.

In Southeast Asia markets are also posting gains, with the Straits Times in Singapore adding 0.5%, while Malaysia’s KLCI trades up by 0.2% at the open.