Asian technology stocks boosted by Apple’s earning

Asian technology stocks boosted by Apple’s earning

After the unexpected life time high of technology major Apple's share price, the Asian stock markets traded higher on Wednesday as Asian technology stocks got a boost.

Second-quarter profit of Apple recorded a rise of 90 percent due to increase sales of Apple's Macintosh computer and iPhone.

Apple shares registered a decent gain of 5.2 per cent.

Nikkei Average increased 164.35 points to 11,067.00, showing a regain after a decline for three days. Topix gained 1.3 percent to 984.92.

Japan's Nikkei climbed 1.5 per cent, with chip related shares such as Advantest increased 3 percent and Tokyo Electron gained 2.7 percent.

Shares of Toshiba increased 2.5 per cent and the shares of Murata Manufacturing, manufacturer of Wi-Fi modules, show a rise of 1.9 per cent.

Australia's S&P/ASX 200 increased 0.7 per cent after commodities prices improved and there was also increase of 1.1 percent and 0.2 percent in South Korea's Kospi and New Zealand's NZX-50 respectively.

Singapore's Straits Times Index gained 10.49 points at 2,991.86.

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