AAPL plunges $53B as tech giants hit by latest escalation of the trade war<div class="feat-image">
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<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>
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AAPL plunges $53B as tech giants hit by latest escalation of the trade war
