Shares of Apple suppliers fall in Asia after Barclays downgrades the iPhone maker
Publishing timestamp: 2024-01-02 23:18:34
Summary
The article discusses how shares of Apple suppliers in Asia fell after Barclays downgraded Apple due to concerns of demand weakness. TSMC and Foxconn, both major Apple suppliers, saw their shares decline. Other technology and chip stocks also dropped. The article mentions that there are still growth opportunities for iPhone 15 and the next 24 months, but Barclays downgraded Apple's stock and lowered its price target due to weakness in iPhone 15 sales and other products. UBS, on the other hand, maintained a buy rating for TSMC despite trimming its price target.
Sentiment: NEGATIVE
Tickers: .KS11, .TWII, NVDA, 2330-TW, AAPL, 2317-TW,
Keywords: nvidia corp, breaking news: technology, asia economy, hon hai precision industry co ltd, taiwan semiconductor manufacturing co ltd, kospi index, business news, apple inc, taiwan weighted index, technology,