HONG KONG: Asian markets edged upward Wednesday in thin holiday trading, with investors shrugging off a negative Wall Street lead as fears over lacklustre iPhone demand eased, and commodities rose.

Shares in Apple, the biggest US company by market capitalisation, had slumped 2.5 percent Tuesday, mirroring a move by its Asian suppliers, after a report in Taiwan's Economic Daily warned of weak demand for the iPhone X.

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