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Apple Shares Rebound After $200 Billion Wiped Out Over China iPhone Ban Fears

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08 September 2023
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  • Previous Article 271 Chinese Banking Institutions in Default, A New Signal of China’s Financial Crisis
  • Next Article US House Speaker Criticizes China’s ‘Falsities’ About Fukushima Discharge
Apple Shares Rebound After $200 Billion Wiped Out Over China iPhone Ban FearsApple shares rebounded at the end of the trading week following a two-session skid that saw the tech titan eliminate about $200 billion in valuation. The decline was driven by reports that China would prohibit government employees from using iPhones as their work phones. The world’s largest company by market cap climbed about 1 percent during the Sept. 8 trading session to around $180 per share. The stock is poised for a weekly loss of nearly 5 percent. Apple’s suppliers also took a hit this week. Shares of Largan Precision, a Taiwanese camera lens maker, tumbled 4 percent. Chip contractor Taiwan Semiconductor Manufacturing (TSMC) stock was down about 2 percent this week....

Read more https://www.theepochtimes.com/business/apple-shares-rebound-after-200-billion-wiped-out-over-china-iphone-ban-fears-5488309

  • Previous Article 271 Chinese Banking Institutions in Default, A New Signal of China’s Financial Crisis
  • Next Article US House Speaker Criticizes China’s ‘Falsities’ About Fukushima Discharge

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