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Monday,28 November 2022 at 17:18
at a key iPhone factory in China could leave Apple short of up to six million
premium handsets in the vital runup to Christmas, according to concerned
Increasingly violent unrest among workers at Apple supplier Foxconn’s factory
in Zhengzhou will slow production of the iPhone 14 Pro.
Zhengzhou is the only location making the iPhone 14 Pro and experts have warned
Apple could see shipments reduce by 10pc ahead of the Christmas holidays.
UK & European
markets closed lower as investors monitored unrest in China as
protests against strict Covid measures and lockdowns erupted over the weekend.
U.S. stocks descended as
unrest in China over the nation's restrictive COVID controls weighed on global
Oil prices slid,
falling close to their lowest level this year.
Gold priced lower.
At the close
FTSE 100 7,474 (-0.17%)
FTSE 250 19,292 (-1.30%)
DAX 14,383 (-1.09%)
Dow Jones 34,108 (-0.69%)
S&P 500 3,994 (-0.78%)
NASDAQ 11,147 (-0.70%)
UK 10-YR YIELD 3.127
Gold $1,743 (-0.64%)
Brent $83.99 +0.28%
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.