HACKINTOSH.ORG | Macintosh discussion forums

AAPL plunges $53B as tech giants hit by latest escalation of the trade war

<div class="feat-image">(https://9to5mac.com/wp-content/uploads/sites/6/2019/08/Escalation-of-the-trade-war-hits-AAPL.jpg?quality=82&strip=all&w=1500)</div>
<p>The latest escalation of the trade war between the US and <a href="https://9to5mac.com/guides/china/" target="_blank" rel="noopener noreferrer">China[/url] has seen tech giants hit hard, with a combined $150B wiped off their market valuations. <a href="https://9to5mac.com/guides/aapl/" target="_blank" rel="noopener noreferrer">Apple[/url] was worst hit, plunging 5% to lose $53B in value in the course of one day.</p>
<p>The trigger was <a href="https://www.telegraph.co.uk/business/2019/08/05/currency-war-begins-china-hurls-devaluation-back-trumps-face/" target="_blank" rel="noopener noreferrer">China devaluing its currency[/url] to below 7 yuan to the dollar, its lowest level in more than a decade …</p>
<p> <a href="https://9to5mac.com/2019/08/06/escalation-of-the-trade-war/#more-603953" class="more-link">more…[/url]</p>
<p>The post <a rel="nofollow" href="https://9to5mac.com/2019/08/06/escalation-of-the-trade-war/">AAPL plunges $53B as tech giants hit by latest escalation of the trade war[/url] appeared first on <a rel="nofollow" href="https://9to5mac.com">9to5Mac[/url].</p><div class="feedflare">
<img src="http://feeds.feedburner.com/~ff/9To5Mac-MacAllDay?i=sOQVBEhH3lE:EcEHguYXlKo:D7DqB2pKExk" border="0"></img> (http://feeds.feedburner.com/~ff/9To5Mac-MacAllDay?a=sOQVBEhH3lE:EcEHguYXlKo:D7DqB2pKExk)
</div><img src="http://feeds.feedburner.com/~r/9To5Mac-MacAllDay/~4/sOQVBEhH3lE" height="1" width="1" alt=""/>

Source: AAPL plunges $53B as tech giants hit by latest escalation of the trade war (http://feedproxy.google.com/~r/9To5Mac-MacAllDay/~3/sOQVBEhH3lE/)