Stocks in Asia trade higher following muted session on Wall Street

  • Shares in Asia traded higher in the morning.
  • Shares of Apple suppliers in the region traded higher on Wednesday following the unveiling of the Cupertino-based tech giant's latest products on Tuesday.

Shares in Asia traded higher on Wednesday following a muted session overnight stateside that left stocks on Wall Street little changed.

In Japan, the Nikkei 225 rose 0.27% in early trade while the Topix index gained 0.44%.

South Korea's Kospi also added 0.7%. Over in Australia the S&P/ASX 200 advanced 0.22%.

Overall, the MSCI Asia ex-Japan index rose 0.12%.

Shares of Apple suppliers in the region traded higher on Wednesday following the unveiling of the Cupertino-based tech giant's latest products on Tuesday.

Japanese component supplier Murata Manufacturing rose 1.01% and Sharp jumped 3.67%, while South Korea's LG Display traded 1.05% higher.

Investors will also continue to monitor for developments on the trade front, with the South China Morning Post reporting Tuesday that China has offered to increase U.S. agricultural purchases in exchange for a delay in tariffs and easing of a supply ban against telecommunications giant Huawei Technologies.

Asia-Pacific Market Indexes Chart

Overnight stateside, the S&P 500 ended its trading day just above the flatline at 2,979.39 while the Nasdaq Composite closed marginally lower at 8,084.16. The Dow Jones Industrial Average outperformed as it rose 73.92 points to close at 26,909.43.

Currencies and oil

The U.S. dollar index, which tracks the greenback against a basket of its peers, was last at 98.351 after trading below 98.4 for much of this week.

The Japanese yen, often viewed as a safe-haven currency, traded at 107.58 against the dollar following its weakening from levels around 106.8 earlier this week. The Australian dollar changed hands at $0.6856 after rising from levels below $0.672 last week.

Oil prices rose in the morning of Asian trading hours following a slip on Tuesday after U.S. President Donald Trump said he fired national security advisor John Bolton, viewed as a hawk on Iran and North Korea.

International benchmark Brent crude futures added 0.8% to $62.88 per barrel, while U.S. crude futures gained 0.96% to $57.95 per barrel.

— CNBC's Fred Imbert contributed to this report.

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