Asian markets steady as U.S. shutdown rages on; Apple suppliers take a hit Market reaction in Asia after the partial shutdown of the U.S. federal government was muted Monday, with little movement in stocks and other asset classes.
However, Samsung Electronics 005930, -2.19% fell as fresh caution grew about demand for rival Apple’s most expensive iPhone.
Investors were generally looking past the U.S. budget impasse, with the situation largely seen as “political brinkmanship with little economic impact,” said Michael McCarthy, chief market strategist at CMC Markets.
The Wall Street Journal Dollar Index BUXX, -0.13% was recently flat after slight declines earlier in the day, while S&P 500 futures ESH8, -0.12% eased 0.1% and 10-year Treasury TMUBMUSD10Y, -0.14% ticked down to 2.64% from 2.66% earlier.
Samsung was recently down 2.2%, as South Korea’s Kospi index SEU, -0.72% fell 0.7%. Before Monday, the benchmark had traded up in five of the past six days.
While the South Korean compa..Read More →