Apple Suppliers Weigh On European Shares As Equity Rally Falters | 8/28/2017 | Staff
liizu (Posted by) Level 3
LONDON (Reuters) – European shares faltered on Wednesday as a global equity rally showed signs of flagging, with Apple suppliers struggling after the new iPhone release disappointed with a later than expected shipping date.

Euro zone stocks and blue-chips held steady, while Germany’s DAX , which touched its highest in nearly two months on Tuesday, fell back 0.1 percent.

Chipmakers - Apple - Performers - AMS - Percent

Chipmakers supplying to Apple were among the worst performers, with AMS down 3.2 percent, while Dialog Semiconductor slipped 1.7 percent and STMicro fell 1.1 percent.

Traders said their shares were under pressure due to Apple’s new $999 iPhone...
(Excerpt) Read more at:
Wake Up To Breaking News!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!