SYDNEY: 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 percent 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.
U.S. stock index futures were off 0.1 percent while the tech-heavy Nasdaq futures fell about 1.0 percent.
Spot gold fell to around $1,741.06 an ounce, down some 9 percent since hitting a record high of $1,911.46 on Tuesday. COMEX futures for the precious metal fell over $100 on Wednesday, the biggest one-day drop since 1980 and one of the steepest on record.
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