Asian Companies and World’s Biggest Publicly Traded Company

On Friday, it was a tough day for many companies across Asia. As a reminder, several days ago shares of the world’s biggest publicly-traded company fell 8%. Tech giant Apple suffered the biggest one day decline since mid-March.

On September 4, shares of Apple’s suppliers in Asia declined, due to the factor mentioned above.

Shares of Sharp dropped 0.65% and Murata Manufacturing in Japan declined 1.56%.

This is not the end of the story, as shares of Taiwan Semiconductor Manufacturing Company also fell 1.61%. Furthermore, AAC Technologies in Hong Kong declined by 2.14%.

People should take into account that, Chinese tech stocks listed in Hong Kong also suffered losses. For example, shares of tech giant Alibaba saw its stock fall 3.59% in Hong Kong.

Moreover, shares of Tencent fell 3% and Meituan Dianping declined by 0.3%. Importantly, it came as the Hong Kong Tech index dropped 1.53% to 7’588.02.

Asian stocks on Friday

As mentioned above, shares of Apple suppliers fell on September 4. Interestingly, U.S. stocks suffered losses on Thursday. The Dow Jones Industrial Average declined 807.77 points or 2.8% to 28’292.73 and it was the biggest one-day decline since June 11.

Moreover, the S&P 500 dropped 3.5% to 3’455.06 and the Nasdaq Composite fell 5% to close at 11’458.10.

Let’s have a look at the stocks in the Asia Pacific. Stocks were lower on Friday, following Wall Street’s sharp decline on Thursday.

Australia led losses among the major markets in the region as the S&P/ASX 200 fell 3.06% to end its trading day at 5’925.50.

Importantly, mainland Chinese stocks declined on September 4. The Shanghai Composite fell 0.87% to approximately 3’355.37.  Also, the Shenzhen Component dropped 0.84% to about 13’656.66.

Hong Kong’s Hang Seng index fell 1.25% to end its trading day at 24’695.45.

South Korea’s Kospi index declined 1.15% to 2’368.25.

Last but not least, in Japan, the Nikkei 225 dropped 1.11% to close at 23’205.43. Moreover, the Topix index fell 0.9% to finish its trading day at 1’616.60.