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ASX poised to rise, Apple paces Wall St higher

Australian shares are poised to open higher, bolstered by an Apple inspired rally on Wall Street. ASX futures were up 18 points or 0.3% to 6655 near 4.30am AEST. In New York, Apple was more than 2.5% higher, recapturing the $US1 trillion market value level after it unveiled its latest range of product updates. Arrivals of the steelmaking raw material in China's 26 ports totalled 17.8 million tonnes on the week of September 2-8, down by 3.2 million tonnes week-on-week, data compiled by Mysteel consultancy showed. China's banks extended new yuan loans in August as policymakers ratcheted up support for the slowing economy, and further policy easing is expected in coming weeks as the Sino-US trade dispute takes a bigger toll on the economy.

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