Luxshare, Foxconn Industrial fall on US patent probe
BUZZ-Luxshare, Foxconn Industrial fall on US patent probe Add Delta Electronics' comment
** Shenzhen shares of Luxshare Precision Industry 002475.SZ fall 2.8% in the fourth straight declining session to 46.28 yuan
** Hong Kong-listed stock 2475.HK slips 0.2%
** Chinese Apple supplier Luxshare said it expected little negative impact from a newly launched US patent infringement investigation, and the company was actively working to respond and protect shareholder interests
** Luxshare said the US International Trade Commission (ITC) on October 9 launched a Section 337 investigation into the company and its subsidiary Dongguan Luxshare Technology over patent infringement claims brought by US company Vicor Corp
** Foxconn Industrial Internet 601138.SS, also being investigated by the US ITC, says the investigation has no material impact on its production and operations
** Foxconn Industrial Internet stock falls 7.1% to 52.08 yuan, the lowest point since April 7
** Taiwan-listed Delta Electronics 2308.TW, also a subject of the US ITC investigation, says it will "actively respond" in accordance with procedures to protect its interests
** Delta Electronics shares drop 3.3%
** Benchmark CSI300 Index .CSI300 slips 0.1%
(Reporting by Donny Kwok)
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