Apple falling

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Apple falling


An Apple reseller in Seoul on Friday. Apple’s impact on the global markets continued with the U.S. Dow Jones Industrial Average index falling 2.83 percent on Thursday while Tokyo’s Nikkei 225 dropped more than 2 percent. The Korean benchmark Kospi fell as much as nine points early in the day from the previous close. But from noon, shares quickly recovered due to institutional investor net purchases. The market closed 16.55 points higher, or 0.83 percent, bouncing back above 2,000 to close at 2,010.25 after falling below 2,000 on Thursday. Although the market rebounded on Friday, uncertainty remains especially as questions about Apple’s outlook continue to hang over the stock. Apple CEO Tim Cook on Wednesday lowered fourth-quarter sales projections on the slowing of the Chinese economy. Trade tensions with the United States are seen hitting exports and growth. [YONHAP]

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