Apple rose just under 4 per cent to take its value to almost US$2.3 trillion after a media report that the company had asked suppliers to make at least 75 million 5G iPhones for later this year. — Reuters pic
Mainland Chinese shares slipped a tad, with bellwether CSI300 index giving up 0.3 per cent on investor caution after having hit a five-year high earlier this week. US manufacturing indicators showed expansion, with the reading from the Institute for Supply Management hitting its highest level in nearly two years.
US Treasury Secretary Steven Mnuchin said yesterday he would telephone House Speaker Nancy Pelosi about stalled coronavirus aid negotiations later in the day. “We are entering the second stage of central bank-financed government stimulus,” said Hiroshi Watanabe, senior economist at Sony Financial Holdings.
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