Overseas Trading: Apple's Soft Sales Forecast Pressures Global Tech Stocks

Ongoing weakness in commodities and a lower-than-expected revenue forecast from Apple Inc. (AAPL) are weighing on Asian and European markets

Jul 22, 2015 at 8:09 AM

Asian equities felt the heat from yesterday's round of weak U.S. earnings, and the ongoing sell-off in commodities. Japan's Nikkei fell 1.2%, with the tech sector pressured by a disappointing revenue forecast from Apple Inc. (NASDAQ:AAPL). Likewise, South Korea's Kospi and Hong Kong's Hang Seng slid 0.9% and 1%, respectively. Bucking the bearish trend was the Shanghai Composite, which managed a 0.2% gain -- its fifth consecutive daily win.

European markets are also feeling the weight of AAPL, with shares of ARM Holdings Inc plc (ADR) (NASDAQ:ARMH) and other suppliers swallowing steep losses. Meanwhile, Greece remains in the spotlight ahead of today's parliament vote on another set of reforms. At last check, the French CAC 40 is off 0.4%, Germany's DAX has surrendered 0.6%, and London's FTSE 100 is leading the pack lower, down 1.1%.

150722ov5

Follow @Schaeffers

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.