25 August 2011

Asian shares cheered by Wall Street


Asian shares rose on Thursday, cheered by gains on Wall Street, but Apple skidded on the shock resignation of Silicon Valley legend Steve Jobs and gold continued to struggle after running into a wall of profit-taking.
Shares of Apple tumbled as much as 7% in after-hours trade in a knee-jerk reaction to news that Jobs resigned as chief executive of the world's most valuable technology firm.
"Apple will need to show that without Jobs it can come up with visionary products," said Hendi Susanto, analyst at Gabelli & Co.
US stock index futures were off 0.1% while the tech-heavy Nasdaq futures fell about 1.0%.

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