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.
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