Foxconn Interconnect hits near 6-week low on China plant suspension

Foxconn Interconnect Technology

25/04/2022 04:30

** Shares of data transmission equipment and connectors
maker Foxconn Interconnect Technology  6088.HK  fall as much as
4% to HK$0.96, their lowest since March 16
    ** The operations in China's Kunshan city of Foxconn
Interconnect Technology will remain suspended because of
COVID-19 controls until the authorities give permission to
restart, Taiwan-based parent Foxconn  2317.TW  said on Monday
 urn:newsml:reuters.com:*:nL2N2WN02N
    ** The supplier of Apple Inc  AAPL.O  said its unit in
Kunshan remain suspended but there is limited impact as it has
shifted production elsewhere, it said on Monday 
    ** A source said the plant is not a major supplier for Apple
products and does not see an impact on iPhones
    ** Stock of Taiwan parent Foxconn  2317.TW  falls 2.4%
    ** Hong Kong's Hang Seng Commerce & Industry Index  .HSNC 
drops 2.4% and the Hang Seng sub-index tracking information
technology firms  .HSCIIT  falls 2.1%
    ** The Hang Seng Composite Index  .HSCI  declines 2.7% and
the benchmark Hang Seng Index  .HSI  is down 2.5%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))