Apple suppliers in Asia slide as iPhone maker trims forecast

Catcher Technology Co

03/01/2019 01:36

** Shares of Apple Inc's suppliers in Asia retreat, as the
iPhone maker cuts forecast citing weak China sales amid trade
tensions 
    ** Apple Inc  AAPL.O  on Wednesday took the rare step of
cutting its quarterly sales forecast, with Chief Executive Tim
Cook citing slowing iPhone sales in China, whose economy has
been dragged down by uncertainty around U.S.-China trade
relations  urn:newsml:reuters.com:*:nL3N1Z236Y 
    ** Taiwan's Foxconn  2317.TW , Apple's biggest iPhone
assembler, loses as much as 2 pct, while the integrated touch
display provider General Interface Solution  6456.TW , casing
maker Catcher Technology  2474.TW  and lens set maker Largan
Precision  3008.TW  slip in the range of 1.5 pct-3.7 pct 
    ** China's economic growth slowed to 6.5 percent in the
third quarter, the weakest pace since the global financial
crisis. Indications are that momentum is likely to come off
further in the fourth quarter and next year  urn:newsml:reuters.com:*:nL3N1YJ1GY 
    ** On the mainland, 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  down in the range
of 1.4 pct-5 pct
    ** In Hong Kong, acoustic component maker AAC Technologies
Holdings  2018.HK  and Sunny Optical Technology Group  2382.HK 
fall more than 3 pct each

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