AAC Technologies Slumps 9% Amid Asia Tech Stock Selloff

Shares in Apple (AAPL) supplier AAC Technologies (2018.HK) short-circuited in Hong Kong trading Friday morning, slipping by as much as 9%.

AAC, which supplies acoustic components for handheld devices including the iPhone, was among a clutch of Asia tech stocks that got taken to the cleaners this morning. Sunny Optical (2382.HK), which makes camera lenses, was down as much as 4%. Tongda Group (698.HK), another Apple supplier, shed as much as 3.2%.Weakness in these shares came after Apple fell almost 0.5% in Thursday’s New York trading.