Hong Kong, Taiwan shares of Apple Inc suppliers slide as trade war escalates

Flexium Interconnect

18/09/2018 03:31

** Hong Kong- and Taiwan-listed suppliers of Apple Inc
 AAPL.O  slide as U.S. President Donald Trump escalates his
trade war with China 
    ** Trump is imposing 10 percent tariffs on about $200
billion worth of Chinese imports, but sparing smart watches from
Apple  AAPL.O  and Fitbit  FIT.N  and other consumer products
such as bicycle helmets and baby car seats  urn:newsml:reuters.com:*:nL2N1W319C
    ** But if the Trump administration enacts a further round of
tariffs on $267 billion in goods, engulfing all remaining U.S.
imports from China, the iPhone and its competitors would not
likely be spared
    ** Hong Kong shares of camera module supplier Cowell E
Holdings  1415.HK  drop 3.5 pct, while AAC Technologies
 2018.HK  falls 2.2 pct 
    ** Taiwan-listed camera lens-maker Largan Precision Co Ltd
 3008.TW  drops 4.7 pct, General Interface Solution  6456.TW  
2.1 pct, Flexium Interconnect  6269.TW  1.7 pct and Hon Hai
Precision Industry Co  2317.TW  1.5 pct
    ** Assembler Pegatron Corp  4938.TW  slides 0.9 pct, ASE
Technology Holding Co Ltd  3711.TW  0.6 pct
    ** Hong Kong benchmark index  .HSI  falls 0.5 pct, Taiwan
Weighted index  .TWII  0.2 pct 

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)