Apple suppliers’ shares fall sharply in broad decline across Asia

Apple-related stocks mostly declined on Wednesday in Asia, with iPhone suppliers in China suffering sharp losses, weighed down by the delayed launch of the much-anticipated iPhone X as well as profit-taking.

In mainland China, Zhejiang Quartz Crystal Optoelectronic Technology, which supplies optical filters to Apple, plunged as much as 9 per cent to 26.01 yuan earlier in the day. It closed off 6.7 per cent at 26.69 yuan.

Among other suppliers on the Shanghai and Shenzhen stock exchanges, Shenzhen Desay Battery Technology sank 4.4 per cent to 55.2 yuan, acoustic component company GoerTek declined 3.6 per cent to 20.72 yuan, touch-panel manufacturer Shenzhen O-film Tech dropped 3.4 per cent to 21.36 yuan, and ultra-fine conductor maker Zhejiang Tony Electronic fell 1.1 per cent to 67.72 yuan.

LCD product supplier Tianma Micro-electronics, which announced earlier this year it had been in talks with Apple about potential orders, also pulled back 5.4 per cent to 22.85 yuan.