Asian Stocks Varied, Apple Unveils iPhone 11

Mixed Asian stocks open the morning trade on Wednesday. On the other hand, Apple suppliers outperformed following the iPhone 11 reveal event in the U.S.

Aside from that, both China’s Shanghai Composite and Shenzhen Component dropped about 0.1% to 0.3%. Contrarily, Hong Kong’s Hang Seng Index, Japan’s Nikkei, and South Korea’s Kospi all boosted by at least 0.3% to 0.7%.

Then, moving away from Asian stocks, on Wednesday, Australia’s ASX 200 inched higher by 0.1%. And a survey produced by National Australia Bank displayed on Tuesday that both business sentiment and the confidence index declined in August from the previous month.

Meanwhile, Apple revealed three new iPhones during the firm’s annual product roll-out event in California. And shares of Apple suppliers traded higher in Asian stocks on Wednesday. The Japan-listed Sharp surging to almost 5%, South Korea’s LG and Hong Kong-listed AAC Technologies jumps 1.8% and 1.9%. Also, Taiwan’s Largan Precision gained as much as 2.8%.

All About the iPhone 11 of Apple

Apple released its newest iPhone 11 series. The iPhone 11 has two back cameras that support an ultra-wide-angle lens, and it has the next generation of microchips, the A13. And prices will start at $699, which is much lower than last year’s new iPhone at $749. Also, Apple also cut the cost of the previous year’s equivalent model iPhone XR by $150.

Moreover, the more expensive latest model of Apple, the iPhone 11 Pro, will have three cameras on the back. And the price starts at $999. Then, with a bigger screen, the iPhone 11 Pro Max costs $1,099.

However, these newly released models are not yet ready for the 5g. And this puts Apple a step behind the 5g models released by Huawei Technologies and smaller competitor Vivo.

And when it comes to features, there is one thing that draws on the new launch in the U.S. And that is the $5 per month Netflix-like streaming service that is not available in China.