Apple's suppliers extend drop in Greater China, tracking Wall St losses

Catcher Technology Co

04/01/2019 02:00

** Shares in Apple Inc's suppliers in Greater China extend
decline, following losses in the iPhone maker's shares on Wall
Street
    ** Apple  AAPL.O  shares plunged 10 percent on Thursday
after the iPhone maker blamed weak China demand for a
holiday-quarter revenue shortfall, with many investors worried
the rare stumble was a harbinger for slowing global growth
 urn:newsml:reuters.com:*:nL3N1Z330L
    ** Taiwan's Foxconn  2317.TW , Apple's biggest iPhone
assembler, slides as much as 2.6 pct to a more than five-year
low, having tumbled ~55 pct from a record high hit in June 2017
    ** Also in Taiwan, the integrated touch display provider
General Interface Solution  6456.TW , casing maker Catcher
Technology  2474.TW  and lens set maker Largan Precision
 3008.TW  slump in the range of 3.1-6.3 pct
    ** On the Chinese mainland, Suzhou Dongshan Precision
Manufacturing  002384.SZ  leads the decline, diving as much as
9.8 pct to a near four-year low, following an up to 10 pct loss
the previous session, while Shenzhen Sunway Communication
 300136.SZ , provider of internet solutions Luxshare Precision
 002475.SZ , optical firm O-Film Tech  002456.SZ  and electronic
components maker Lens Technology  300433.SZ  fall by 1.7-2.5 pct
    ** In Hong Kong, acoustic component maker AAC Technologies
 2018.HK , Sunny Optical Technology  2382.HK  and BYD Electronic
International  0285.HK  each down ~2 pct 

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