Asian markets mostly up, as Apple suppliers get a boost

After some initial sluggishness, Asia-Pacific stocks generally improved as Wednesday’s trading day progressed. But there were no blowout gains occurring, with nearly all rising indexes up no more than 0.5% and many seeing advances of 0.2% of less.

The overnight bounce in the U.S. helped, along with earnings news both local and overseas, including Apple’s AAPL, +0.20%  strong earnings report.

Japan’s Nikkei NIK, +0.86%  rose 0.5% a day after the Bank of Japan maintained its ultraloose monetary policy. Honda 7267, +2.89%  shares jumped after reporting an 11% increase in first-quarter operating profit, which took most analysts by surprise. The news drove gains across much of the sector, along with a weaker yen. Toyota 7203, +1.38% , which reports earnings Friday, was up 1%.

South Korea’s Kospi SEU, +0.38%  rose 0.4% although Apple suppliers such as Samsung 005930, +0.65%  and LG Innotek 011070, -0.92%  gave up some of their early gains. Taiwan’s Taiex Y9999, +0.27%  rose as Apple manufacturer Foxconn 2354, +1.32%  gained more than 1%.

Stocks in China retreated amid a report that President Donald Trump’s advisers are urging 25% tariffs on $200 billion of Chinese goods. The Shanghai Composite SHCOMP, -0.32%  slid 0.3% while the smaller-cap Shenzhen Composite 399106, -0.25%  fell about as much. Hong Kong’s Hang Seng Index HSI, -0.03%  dipped 0.2%, as Apple supplier Sunny Optical 2382, +1.24%  gave up almost all of its post-Apple-earnings bounce.

Australia’s benchmark index XJO, +0.05%  overcame early losses to eke into positive territory amid weakness in commodity stocks. Oil Search Limited OSH, +0.06%  was down 0.4% while mining giant BHP Billiton BHP, +0.98%  gained about 1%. Stocks in New Zealand NZ50GR, -0.62%  fell.

Malaysia’s benchmark FBMKLCI, +0.01%  was down slightly after having risen 16 of the past 17 days, while Singapore’s Strait Times Index STI, +0.13%  was up slightly.

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