Taiwan's Foxconn falls on COVID woes; Hong Kong, Shanghai units at record low
31/10/2022 07:05
** Shares of Foxconn 2317.TW , which assembles Apple Inc's
AAPL.O iPhones, fall 1.4% to T$102.50 in their biggest daily
drop since Oct. 11
** That compares with a 1.3% gain in the benchmark Taiwan SE
Weighted Index .TWII
** Production of iPhones could slump by as much as 30% at
one of the world's biggest factories next month due to
tightening COVID-19 curbs in China, a person with direct
knowledge of the matter said on Monday urn:newsml:reuters.com:*:nL1N31W0DL
** Foxconn, formally Hon Hai Precision Industry Co Ltd, is
working to boost production at another factory in Shenzhen city
to make up for the shortfall, said the person
** Foxconn's Hong Kong unit FIH Mobile 2038.HK drops 6% to
HK$0.63, lowest since debut in February 2005
** Shanghai-listed unit Foxconn Industrial Internet Co
601138.SS falls 5.8% to 7.8 yuan, lowest since debut in June
2018
** The Hang Seng Index .HSI slips 0.2%, while China's
blue-chip CSI300 Index .CSI300 falls 1%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))