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Apple Shrs Slump for 3 Straight Days, Down ~20%, with Mkt Cap Plunging USD638B
Recommend 4 Positive 3 Negative 11 |
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Tech stocks have faced hefty selloff recently, with Apple (AAPL.US) slumping another 3.7% on Monday, marking three consecutive trading days of declines and a combined plunge of 19%. This has led to a market cap evaporation of up to USD638 billion. Market analysis suggested that Apple is among the companies mostly prone to the trade war, primarily due to its reliance on China for product manufacturing, where it now faces a 54% U.S. tariff. Web Site: www.aastocks.com |
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