Asian stock trade flat; Apple slashes revenue guidance

Apple lowered its revenue guidance to $84bn, down from $89-$93bn that it had previously projected.

Jan 03, 2019 03:01 IST India Infoline News Service

Asia stock
Asian stock markets was trading mixed on Thursday after Apple Inc. added to global growth concerns with a cut in its sales outlook.

Apple lowered its revenue guidance to $84bn, down from $89-$93 billion it had previously projected.

On the international front, China’s central bank said late on Wednesday it was adjusting its policy to benefit more small firms which are having trouble obtaining financing, in its latest move to support the cooling economy.

A meeting between US congressional leaders and President Donald Trump on Wednesday yielded no sign of agreement to end the partial government shutdown, now in its 12th day, as the President stuck to his demand for $5bn in funding for a border wall.

US crude dipped 1.38% at $45.90 a barrel after a sharp rise on Wednesday. Brent crude was down 0.5% at $54.62 per barrel.

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