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Yen Jumps as Apple Fans Growth Woes; Stocks Mixed: Markets Wrap
Apple suppliers in South Korea and Taiwan paced declines after the company cut its first-quarter guidance for the first time in almost two decades, citing an unforeseen slowdown in China and fewer upgrades to iPhone models. The wildest moves were in currency markets where the yen jumped and the Australian dollar slumped to the lowest in almost 10 years. Oil again slipped under $46 a barrel as it pared a rally on the back of Saudi Arabia trimming exports.
https://finance.yahoo.com/news/asian-stocks-hit-apple-sales-220810116.html?.tsrc=rss
Apple suppliers in South Korea and Taiwan paced declines after the company cut its first-quarter guidance for the first time in almost two decades, citing an unforeseen slowdown in China and fewer upgrades to iPhone models. The wildest moves were in currency markets where the yen jumped and the Australian dollar slumped to the lowest in almost 10 years. Oil again slipped under $46 a barrel as it pared a rally on the back of Saudi Arabia trimming exports.
https://finance.yahoo.com/news/asian-stocks-hit-apple-sales-220810116.html?.tsrc=rss
