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Our greatest glory is not in never falling, but in rising every time we fall. - Confucius -

  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success
  • LOLC Securities – Venture into success

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2019/01/03

Yen Jumps as Apple Fans Growth Woes; Stocks Mixed: Markets Wrap


Suppliers to Apple Inc. in Asia tumbled with with U.S. stock-index futures after the iPhone maker added to global growth concerns with a cut in its sales outlook. The yen surged and gold advanced as investors flocked to safe havens. Apple suppliers in South Korea and Taiwan paced declines after the company cut its first-quarter guidance for the first time in almost two decades, citing an unforeseen slowdown in China and fewer upgrades to iPhone models. Apple shares plunged in post-market trading. The wildest moves were in currency markets where the yen jumped and the Australian dollar slumped to the lowest in almost 10 years. Oil again slipped under $46 a barrel as it pared a rally on the back of Saudi Arabia trimming exports.  - Bloomberg


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