Thungen Financial 26th September 2014 - Markets Update - Apple Inc Making Waves

Sept. 26, 2014 - PRLog -- Thungen Financial is a financial management company for international investors and expatriates. Realise your investment goals with online access to Stocks, CFDs, Futures and Forex trading on 17 exchanges worldwide. Manage your money conveniently with our Multi-Currency Accounts. And take advantage of our 0% entry-fee investment funds.

Thungen Financial 26th September 2014 - Markets Update - Apple Inc Making Waves

Markets in Asia took a sharp turn for the worst after yesterdays steep sell off in the tech sector in the US and Apple's announcement that there would be a delay in the release of its iOS8 update.

The Nikkei 225 lost almost 1% off the back of the moves in the US and Europe is expected to follow suit seeing a poor end to the week globally.

Consumer inflation data didnt help the Japanese market either as they saw it drop to 3.1% for August, well below expectations and down again on both June and July's 3.3%. The Nikkei dropped to below 16,230 and many suspect that next week may see some major announcements from the Bank of Japan as they look to establish whether the economy can take another Sales Tax increase.

Apple Inc. (AAPL) lost 3.8% off its valuation yesterday after news broke that they would be delaying the release of the latest iOS8 update. This along with a plethora of reports that the new iPhone 6 had been released with units being susceptible to bending. With the case being far thinner than before and made of aluminum the phones have been bending in their owners pockets.

Apple was quick to respond advising those that had been subject to a bendy phone could replace them under warranty. The news probably did little to help the stock's decline.

Major Markets as of 26th September 2014

Nikkei 225 16,229.86 (-0.88%)

FTSE 100 6,633.17 (-0.10%)

S&P 500 1,965.80 (-1.62%)

Dow 16,945.80 (-1.54%)

NASDAQ 4,466.75 (-1.94%)

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Thungen Financial Advisors. All market data within this release is for your general information and enjoys indicative status only. Thungen Financial Advisors does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.