China's widening iPhone curbs roil US technology sector
Apple (AAPL.O) fell more than 3% and was on track for its worst two-day decline since November after media reports said Beijing has told employees at some central government agencies in recent weeks to stop using their Apple mobiles at work.
Apple supplier Qualcomm (QCOM.O), one of the U.S. companies with the largest China presence, tumbled nearly 7% to lead losses among major tech firms. Other suppliers of the iPhone maker including Broadcom (AVGO.O), Skyworks Solutions (SWKS.O) and Texas Instruments (TXN.O) were also lower, falling between 2% and 7.3%.
"This is textbook Chinese Communist Party behavior - promote PRC (People's Republic of China) national champions in telecommunications, and slowly squeeze Western companies' market access," Gallagher, a Republican, told Reuters. (到底要怪誰呢??)