Apple's China suppliers rise as U.S. election result awaited

Byd Electronic (International)

05/11/2020 02:34

** Shares in Apple Inc's  AAPL.O  suppliers in the Greater
China region gain, as investors await U.S. election result
    ** Democrat Joe Biden on Wednesday predicted a U.S. election
win over President Donald Trump after pivotal victories in
Michigan and Wisconsin, while the Republican incumbent sought to
offset a narrowing path to re-election with lawsuits and demands
for a recount  urn:newsml:reuters.com:*:nL1N2HQ0VQ 
    ** A Biden administration is expected to take a less
confrontational approach against China, decreasing Sino-U.S.
trade tensions 
    ** China's Apple suppliers have been sensitive to ups and
downs in Sino-U.S. trade war, reflecting concerns of possible
Chinese restrictions on U.S. tech firms including the Cupertino,
California-based giant 
    ** In Hong Kong, acoustic component maker AAC Technologies
 2018.HK , BYD Electronic International  0285.HK  and Sunny
Optical Technology  2382.HK  advance between 3.6% and 7.2% 
    ** On the mainland, Shenzhen Desay Battery Technology Co Ltd
 000049.SZ , Shennan Circuits Co Ltd  002916.SZ , Goertek Inc
 002241.SZ  and Foxconn Industrial Internet  601138.SS  firm
between 0.8% and 5.7% 

 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))