Monday 10 December 2018
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business-standard - 27 days ago

Hong Kong Stocks fall after Wall Street plunge

OFFSHORE MARKET NEWS: US stocks closed in negative territory on Monday, weighed by a notable drop in shares of Apple after iPhone parts supplier Lumentum cut its fiscal second quarter guidance, adding to recent concerns about iPhone demand. The Dow Jones Industrial Average fell 602.12 points, or 2.32%, to 25,387.18, the S P 500 lost 54.79 points, or 1.97%, to 2,726.22 and the Nasdaq Composite dropped 206.03 points, or 2.78%, to 7,200.87.

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