Investors, South Korean tech suppliers brush off North Korea threat

NEW YORK/SAN FRANCISCO (Reuters) – Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. U.S. President Donald Trump said on Thursday in an interview with Reuters that a major conflict with North Korea is possible in the standoff over its nuclear and missile programs, though he would prefer a diplomatic resolution. South Korea, a U.S. ally and home to major electronics parts makers such as Samsung Electronics, LG Display and SK Hynix, would be particularly vulnerable to any military attack from its northern neighbor.

Investors, South Korean tech suppliers brush off North Korea threat

NEW YORK/SAN FRANCISCO (Reuters) – Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. U.S. President Donald Trump said on Thursday in an interview with Reuters that a major conflict with North Korea is possible in the standoff over its nuclear and missile programs, though he would prefer a diplomatic resolution. South Korea, a U.S. ally and home to major electronics parts makers such as Samsung Electronics, LG Display and SK Hynix, would be particularly vulnerable to any military attack from its northern neighbor.

Investors, South Korean tech suppliers brush off N.Korea threat

NEW YORK/SAN FRANCISCO, April 28 (Reuters) – Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. U.S. President Donald Trump said on Thursday in an interview with Reuters that a major conflict with North Korea is possible in the standoff over its nuclear and missile programs, though he would prefer a diplomatic resolution.

Why Australia Needs More Tech Stocks

Australia is synonymous with mining and is home to mining giants BHP Billiton (BHP.AU) and Rio Tinto (RIO.AU). BHP was down 2% and Rio Tinto was down 1.4% at market open. CMC Market’s Ric Spooner observes that the info tech sector is the best performer on the Australian stock market today but laments that the ASX is hardly enjoying a tech rally due to the limited representation of tech stocks.