BUZZ-Cowell leads slide in HK-listed Apple suppliers on Trump's tariff threat

Reuters
26 May
BUZZ-Cowell leads slide in HK-listed Apple suppliers on Trump's tariff threat

** Shares of optical modules producer Cowell e Holdings 1415.HK lead slide in Hong Kong-listed Apple's AAPL.O suppliers, falling 3.6% to HK$21.15, their lowest since April 22

** Acoustics products maker AAC Technologies 2018.HK slips 2.4% to HK$36.85, the lowest since May 9

** U.S. President Donald Trump threatened on Friday to ratchet up his trade war again, warning Apple he may slap a 25% levy on any iPhones sold, but not made, in the U.S. as part of his administration's goal of re-shoring jobs

** Shares of mainland-listed suppliers also drop with mobile screen maker Lens Technology 300433.SZ falling as much as 4.4%, Airpod producer Goertek Inc 002241.SZ easing 3.1% and iPhones assembler Luxshare Precision Industry 002475.SS down 2.9%

** In Hong Kong, Hang Seng Tech Index .HSTECH slips 0.5%, Hang Seng Index .HSI slips 0.3%

** In China, the blue-chip CSI 300 Index .CSI300 slips 0.02% while the Shanghai Composite Index .SSEC gains 0.4%

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10