Asian markets hit by Jobs ' departure: Brother companies involved

Source: Internet
Author: User
Keywords Jobs
The News (reporter Shen Yu green) after Jobs announced the "retirement", the company's shares quickly in Wednesday after the trading fell sharply, more than 5%.  The chain reaction was passed to the Asian market, and some of the "direct" companies that had a partnership with Apple also suffered a big drop yesterday, while their rivals ' share prices generally rose. L also fell for him as well for him as the news that Jobs resigned as CEO of Apple was announced after the close of the market, Apple shares performed steadily in the normal trading hours of Wednesday, a small rise of 0.69%.  After the news, Apple shares in the trading after the transaction suspended trading, after the resumption of trading after a dive as high as 7%, and then gradually narrowed down to 5.07%, reported 357.10 U.S. dollars. Since Mr Jobs's return to Apple on July 29, 1997, the company's shares have surged 90 times-fold in just 14 years, with a jump in market value from $2.06 billion to $348.75 billion in Wednesday. On August 10 this year, Apple overtook Exxon Mobil to become the world's highest-value listed company.  Mr Jobs is widely believed to be "stepping up" to Apple's share price, and his retreat gives global investors questions about Apple's future.  Meanwhile, the fall in Apple's share price has also hurt stock index futures, the day of the 500 stock futures trading market value shrank by 52 billion U.S. dollars, the Nasdaq 100 Futures Index fell 1%. "Brother Company" suffered the fall of Apple's share price has also spread to some of its "fighting side" cooperation companies. Yesterday, Taiwan's stock market, Apple's assembly business provider Hon Hai Precision shares fell 4.63%, touch-screen suppliers Katsumoto technology plunged 6.89%, for Apple products to create a metal shell of the technology fall 6.81%.  Hon Hai said yesterday that the company is a long-term partner with Apple, and believes that the relationship will be closer in the future, despite changes in Apple's management. Apple's joint ventures in Japan have been stable, influenced by a rebound in Japan's stock market. The iphone Japanese operator SoftBank shares rose 1.66%, with Apple chip provider Toshiba up more than 3% per cent.  However, Sharp, the IPad 3 display supplier, fell 2.53% yesterday. At the same time, some of Apple's main rivals yesterday had a sharp rise in share prices, which were widely believed to have benefited from Jobs ' resignation.  HTC's shares rose 1.35% per cent to 750 NT dollars yesterday, with Samsung and LG up 2.4% and 1.27% respectively. Analysts said the temporary impact on stock price analysis generally agreed that the resignation of jobs for Apple's share price impact is only temporary. The Wall Street Journal said that, given Mr. Jobs's importance to the company he founded, the fall of 5% per cent was not a steep plunge. For Apple, such a small sell-off seems to be merely an emotional reaction to investors.  Investors who did not take Jobs's impending departure into account when buying Apple shares did not take it seriously. Barclays Capital analyst RayAlthough Apple's shares may now be under overall pressure, the enthusiasm of investors will pick up next year, driven by Apple's strong enforcement of its corporate strategy and the new product cycle, says Daes. Another analysis said that, although he is the iconic character of Apple, but he was not in the first two years of the company's real helm, so his resignation will not cause the whole market too much turbulence, but the short-term negative impact is there. The UK's international Financial Times says that if Apple's future is brighter, as Mr Jobs said in his resignation letter, its share price will eventually return to normal after a brief wave of volatility.
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